I'm talking about the assumptions about market efficiency and the supposed superiority of the mythical "free market" here.Market efficiency and "superiority" (I have several incompatible ideas of what you mean here, but if you could clarify...) of an idealized free market are not assumptions. They are conclusions derived from much simpler assumptions.
Different conclusions can also be derived under different assumptions. For example, markets are "inferior" when distributing signalling goods (e.g. suits or educational certification), since this leads to wasteful arms races and overconsumption.
As I said, you should learn some economics before attempting to critique it.
A science doesn't need a dictator (or an elected official) to enforce that "earth is round" or "water will boil at 100 degrees under the right conditions".
I'm confused - apart from the fact that you (and Hayek, incidentally) don't like dictators, what are you trying to say here?
As for the "popular topics to study today", those, while interesting from a math/game theory standpoint, are turned to shit as soon as they enter the political / economic policy field.
This is the nature of politics.
Market efficiency and "superiority" (I have several incompatible ideas of what you mean here, but if you could clarify...) of an idealized free market are not assumptions. They are conclusions derived from much simpler assumptions.
Different conclusions can also be derived under different assumptions. For example, markets are "inferior" when distributing signalling goods (e.g. suits or educational certification), since this leads to wasteful arms races and overconsumption.
As I said, you should learn some economics before attempting to critique it.
A science doesn't need a dictator (or an elected official) to enforce that "earth is round" or "water will boil at 100 degrees under the right conditions".
I'm confused - apart from the fact that you (and Hayek, incidentally) don't like dictators, what are you trying to say here?
As for the "popular topics to study today", those, while interesting from a math/game theory standpoint, are turned to shit as soon as they enter the political / economic policy field.
This is the nature of politics.