>What other model is there? They didn't propose one.
Start with Praxeology (the methodology of Austrian economics). Specifically, Mises’ Human Action.
The simple axiom that all preferences are subjective instantly eliminates a lot of the foundation of micro (and macro) economics as it is typically taught today.
Start with Praxeology (the methodology of Austrian economics). Specifically, Mises’ Human Action.
The simple axiom that all preferences are subjective instantly eliminates a lot of the foundation of micro (and macro) economics as it is typically taught today.