Confused confusers. How to stop thinking like an economist and start thinking like a scientist

摘要

The present paper takes it as an indisputable fact that subjective-behavioralthinking leads, for deeper methodological reasons, with inner necessity toinconclusive filibustering about the agents’ economic conduct and thereforehas to be replaced by something fundamentally different. The key argumentruns as follows: (a) the subjective-behavioral approach can not, as a matter ofprinciple, afford a correct profit theory, (b) without a correct profit theory itis impossible to comprehend how the monetary economy works, (c) withoutthis knowledge economic policy proposals are unjustifiable, (d) thinking likean economist may be hazardous to the economy.