Category archives: Humanities & Social Sciences

Selfishness in Economics

Selfishness in Economics

Economics

By José Luis Ferreira

Very often Economics is censured for using unrealistic assumptions, like that stating that people are selfish. According to some critics (e.g., the philosopher Mario Bunge, 2010 ), this fact is enough to show the invalidity of Economic models. After all, if we start with a falsehood, how can we hope to find useful theories? The […]