Is homo economicus happy?

Economics is a fascinating subject. The so called dismal science1 has over the years come up with several models and theories that explain “the economy”. At the base of this magnificent edifice, however, lie some shaky assumptions.

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  1. Carlyle and the Racist Origins of the Idea that Economics was “the Dismal Science”, Gavin Kennedy, Professor Emeritus, Heriot-Watt University []