Economics usually assumes rational behaviour, and so the very idea of a
self-help book or a problem page such as “Dear Economist” is subversive
to economic orthodoxy. Rational economic agents don’t need self-help
books, and they don’t write to problem pages either. If we admit that
people need advice, we chip away at the foundations of most economic
thought. That is strangely reassuring.
Here is Tim’s FT review of Discover Your Inner Economist.















Since when does economics assume that people–including so-called rational
economic agents–don’t have problems or that reading self-help books or
writing to problem pages is inconsistent with rational behavior?
No wonder economics is called the dismal science.
The fact that people demand advice doesn’t chip away at the foundations of
economic thought. It’s just another way they express a demand for
something.
I think one problem with some economists–who represent the cute school–is that
they forget about the basics of supply and demand, and think that rational
action is something more than what it really is, which is just attempting to
use means to attain ends, somethings successfully, sometimes not.
Or, at least, he’s confusing rational in the sense of “serving desired ends” with rational in the sense of “choosing good ends”.
“Taking this lesson to heart, I have dug up a vital piece of empirical dating information: the areas of the UK with the most favourable ratios of young men to young women. But perhaps I’ll save that in case I write my own self-help book”
How do I find out the US areas with the most favorable ratios of young men to women?
Biomed Tim, take a look at this wonderful little piece of visual demographics. http://strangemaps.wordpress.com/2007/07/06/144-single-guys-live-in-la-single-girls-in-nyc/
Near Washington DC you should be in good shape.
And more to the post, I think Phil is right to point to Mr. Harford’s sense of irony. The old orthodoxy of purely rational folks made it unlikely that anyone would ever read, let alone buy, a self-help book. In today’s world of non-linear, semi-rational folks the models are fuzzier.
Ceteris paribus Bill, I’m not sure about the difference between the cute school and the readable, cogent school in economics.
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