Reading notes: Economic Rules, The Rights and Wrongs of the Dismal Science by Dani Rodrik
Quotes that could give us some ideas and opinions about the economic models used by economists and why not, to motivate you to get more insights in this regard by reading a good book.
Real-world markets are imperfect, unlike those envisioned in economic models. Economic models assume the participation of rational actors, but people do not behave in a rational manner.
Economics is a science because it employs the use of models. Economic models identify probabilities, regularities and tendencies.
“Economics is a social science, and society does not have fundamental laws – at least, not in quite the same way that nature does.”