Ten Commandments for Economists

Dani Rodrik posts his Ten Commandments for Economists, and for non-Economists – fully agree with all of it.

Two points worth reiterating, that I find relevant to teaching Introductory Economics classes:

  1. We spend a lot of time talking about various forms of efficiency, but we spend almost as much time talking about how efficient does not mean good.
  2. Models require assumptions to be simple enough to understand – but it can be very difficult to know which assumptions are critical. A good reason for simple mathematical models in economics is to help clarify what effect each assumption might have.

Dani Rodrik’s Blog Post

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