Dilemmas of an Economic Theorist by Ariel Rubinstein

  title={Dilemmas of an Economic Theorist by Ariel Rubinstein},
  author={Ariel Rubinstein},
models are successfully constructed and meaning emerges from the manipulation of symbols. It is moving when I observe that same excitement in students’ faces. Thus, my greatest dilemma is between my attraction to economic theory, on the one hand, and my doubts about its relevance, on the other. In this lecture I will try to decompose this basic dilemma into four parts: The dilemma of absurd conclusions: Should we abandon a model if it produces absurd conclusions or should we regard it as a very… CONTINUE READING
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