Economists vs. Economics by Dani Rodrik – Project Syndicate

“(…) understanding requires simplification. The best way to respond to the complexity of social life is not to devise ever-more elaborate models, but to learn how different causal mechanisms work, one at a time, and then figure out which ones are most relevant in a particular setting.
(…)
Let us cherish economics in all its diversity – rational and behavioral, Keynesian and Classical, first-best and second-best, orthodox and heterodox – and devote our energy to becoming wiser at picking which framework to apply when.”

Source: Economists vs. Economics by Dani Rodrik – Project Syndicate

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