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chy12's avatar

For that reason plenty of superstars bring Replicas LV purses, as an example Jennifer Lopez, Jessica Simpson and the like sometimes one tend not to genuinely notice the superstar though the Gucci these folks wear the ensemble.? 

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Overcoming Bias Commenter's avatar

It's funny how the behavioral economists are starting to rediscover what the Austrians have been saying for over half a century...which is that the 'economy' is the sum of millions of individual decisions, none of which are constrained by rationality or any kind of utility functions.

Yes, Mises and co. used funny terms like 'praxeology', but I still find it bizarre that no credit is given to them when they've been right longer than Keynesianism has existed.

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