kaal:claim:4900878-004

The classical paradigm underlying mainstream economics, with its emphasis on independence, rationality, and optimal equilibrium, cannot adequately account for money creation, financial entanglement, or behavioral factors.

Source quote, verbatim

This classical paradigm struggles to address effects such as money creation, financial entanglement, and behavioral factors.

From

Wulf A. Kaal, Quantum Economy and Tokenomics (2024), 2.3 Comparison with Classical Economics, p. 12
https://ssrn.com/abstract=4900878 · source PDF

Cite as

Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878

Holds when

applies to mainstream neoclassical modeling

Classification

failuresupport: arguedfailure: classical-paradigm-blind-spotsfamily: research-design-limitationeconomicsrisk-and-incentives

Related claims

restated_by kaal:claim:4900880-009 The classical paradigm underlying mainstream economics, built on independence, rationality, and optimal equili...

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