Persistent misunderstanding between Keynesian and Walrasian General Equilibrium paradigms in economics results from Kuhnian incommensurability rather than empirical failure or lack of clarity.
Evidence
Cambridge, That Was: The Crucible of Heterodox Economics (ResearchGate)
Categorization
- corroborated: 2 independent passages support this claim
- XREF: connects to: Existing theories of gravity and quantum mechanics are inconsistent. — Hawking, Stephen, A Brief History of Time, 37; Accumulating anomalies pointed toward a Kuhnian revolution in finance — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 426; Economists’ persistence in error needs institutional explanation, not just psychology — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 490 (+4 more)