Posted: Mar 01, 2010 3:36 am
Economics is still in it's infancy, really a second childhood. They are only recently beginning to understand the importance evolution plays in how and why economic systems work as they do, and the related and seemingly obvious-that humans are not rational market-clearing agents, who'da thunk it? Plus, economists resist proper accounting for externalities and discounting, which again is related to and depends on the previous.