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I believe (as I argue in my book The Soulful Science) that economics offers a uniquely powerful way of thinking about society, and how individuals make choices in their social context. Other approaches, those of the other social sciences, or history or literature and music, are valid too - I feel no need to dismiss them. But only economics with its choice-based models emphasises the opportunity costs and trade-offs that inevitably arise from the social and physical realities of our existence.
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Pickinjava on 2008-05-18Perhaps the reason why so many 'non-economists' as well as non-neoclassical-economics are dismissive of neoclassical economics (even of the neoinstitutional sort) is that so many celebrated neoclassical economists combine study of a discipline whose assumptions are relevant only to a very restrictive set of uses, with arrogant and misguided proclamations that neoclassical economics is the savior of the social sciences.
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