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Logos Abused: The Decadence and Tyranny of Abstract Reasoning in Economics

The writer acknowledges the role and value of abstract reasoning in economics. He has done his share of it, and is not reacting against rationalism or marginalism. Abstract, however, should not mean abstruse or obscure; theoretical should not mean irrelevant or impractical; ideal should not mean intolerant or imperialistic. Theorists are increasingly scorning those rules and . . . → Read More: Logos Abused: The Decadence and Tyranny of Abstract Reasoning in Economics