kaal:claim:4900880-009

The classical paradigm underlying mainstream economics, built on independence, rationality, and optimal equilibrium, cannot adequately address money creation, financial entanglement, or behavioral factors.

Mainstream economics, with its emphasis on independence, rationality, and optimal equilibrium, is based on a classical paradigm. This classical paradigm struggles to address effects such as money creation, financial entanglement, and behavioral factors.

Wulf A. Kaal, Quantum Economy and the Future of Work (2024), 2.3 Comparison with Classical Economics, p. 12
https://ssrn.com/abstract=4900880 · source PDF

Wulf A. Kaal, Quantum Economy and the Future of Work (2024). SSRN: https://ssrn.com/abstract=4900880

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

• restates kaal:claim:4900878-004 The classical paradigm underlying mainstream economics, with its emphasis on independence, rationality, and op...

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