[selflesssieve]

This article is full of strawmen fallacies. Paints with a broad brush by using "Economists" and "Economics" to mean the whole discipline.

>Economists also often get overly enamored with models that focus a narrow set of issues and identify first-best solutions in the circumscribed domain, at the expense of potential complications and adverse implications elsewhere.

Can loosely translate to: Economists like to study optimization problems whereby rigorous mathematical models conclude that to maximize one variable, other variables may be minimized.

[soVeryTired]

> Economists like to study optimization problems whereby rigorous mathematical models conclude that to maximize one variable, other variables may be minimized.

Thereby proving precise facts about models that are imprecise at best, and downright misleading at worst.

[selflesssieve]

No, the false assumption this article makes is that the models are the problem. The problem is how policy makers are influenced and advised by any inaccurate model and inability to learn quickly from it.

My point was that you can't have it all. "Inclusive Economics" whatever that means is never going to be "good enough" so it's a very easy basis for an attack on "Economics".

[skohan]

I read that sentence as being more about economic models failing to adequately account for externalities.