What are the limitations of applying mainstream economic theory to real-world problems?

Jul 8, 2014 ... 'Economics of the 1%: How Mainstream Economics Serves the Rich, Obscures Reality and Distorts Policy' reviewed by Bill Jefferies We propose a synthesis according to which people indeed act by rules, which usually work well, but may work poorly in exceptional or contrived scenarios. Apr 2, 2019 ... “In a Malthusian economy where intensive growth is not possible, strong property rights simply reinforce the existing distribution of resources. Nov 1, 2014 ... The core capitalist economies are experiencing secular stagnation, characterized by slow growth, rising unemployment and underemployment, and idle productive ... Nov 18, 2023 ... 'Productivism' is a new approach to economic policy that prioritizes the dissemination of productive economic opportunities throughout all regions of the ... Oct 6, 2020 ... Mainstream economics is the predominant approach that is taught in academic courses, applied in government policymaking, and used in media ... Feb 6, 2025 ... It infiltrates paid jobs, eroding rights and deepening inequality. From freelancers' extra hours to care workers' unpaid duties, it sustains ... Feb 26, 2023 ... The trajectory of mainstream economics can be understood in terms of five core “questions” – namely land, trade, labour, state, and legal-institutional ... Ecologic Institut 2011: Integrating Mainstream Economic Indicators with Sustainable Development Objectives (IN-STREAM). Newsletter. Berlin. Oct 30, 2020 ... They claim that mainstream economic ideas are 'removed from reality', that they emphasize 'rationality' and ignore other drives, that they rely ...