A Critical Assessment of Pure Economics

In their path-breaking and highly cited work, Frank et al. (J Econ Perspect 7(2):159–171, 1993), demonstrates that the more economists study, the more self-interested they become. In other words, cooperationCooperation will be reduced. In the real world, there are rare to achieve cooperation rather than compromise. The epoch-defining maker of the modern principles of political economy, Adam SmithSmith, A. focused his life’s work on self-interest as well as sympathy. Our interest will be rather why economics was confined to the intersection of exposure to the self-interest modelSelf-interest model with self-interest behavior. We at first start by learning the method to study science.