What is the role of central banks in mainstream economics?

Neoclassical economics conceptualized the agents, households and firms, as rational actors. Agents were modeled as optimizers who were led to "better" outcomes. Aug 19, 2023 ... Graeber: “To this day, economics continues to be taught not as a story of arguments—not, like any other social science, as a welter of often ... Oct 22, 2024 ... Although the current mainstream (neoclassical economics included) is clearly diverse, commonality in it is more controversial. Heterodox ... May 27, 2019 ... 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. Aug 8, 2023 ... Economic models have ignored tipping points, rainfall changes and indoor work, leading them to under-estimate climate change's economic damage. Mar 26, 2017 ... A defence of the idea that attacking mainstream economics is a progressive endeavor. Not criticising mainstream economics - I've done plenty of that - but ... Sep 3, 2020 ... Abstract: In this paper we ask, what is mainstream economics education conveying to its students? ... mainstream economists and a subset of the ... Mar 11, 2019 ... By cutting off the bottom rungs of the employment ladder for the least skilled among us, you get rid of the feeling a person has of agency, of ... Mainstream economic theory is based on the rationality assumption: thatpeople act as best they can to promote their interests. In contrast,behavioural ... Notre objectif est de montrer que la conception de la personne dans l'éthique du care est très différente de celle de l'économie dominante.