Economic models are not immutable natural laws like gravity but descriptions of human behavior embedded in a specific, rare, one-time historical context; most modern economics emerged in the last 50-150 years during a unique period of fossil fuels, colonization, rising populations, and expanding ecological impact, so its 'laws' (infinite growth, rational behavior, perfect substitution) are context-dependent assumptions built on an unrepresentative sample of abundance, not timeless truths.

factualpending

Speaker

Nate Hagens

Evidence Quote

they're not laws in the way gravity is a law. They're context dependent and subject to change and they should change.

Source

The 10 Core Myths Still Taught in Business Schools | Frankly 99Nate Hagens
Created: 6/18/2026, 2:17:46 PM

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