Tractability Bias in Economics

Updated: 2025.09.29 23D ago 1 sources
The piece claims that because it’s easier to formalize simple, well‑functioning markets than messy, failure‑ridden realities, academic economics gravitated toward models that support free‑market conclusions. This methodological bias helped align the field’s public face with libertarian policy even though the originators of the math weren’t libertarian. — If modeling convenience channels disciplines toward certain ideologies, we should scrutinize how methods, not just values, shape policy consensus.

Sources

Book Review: "Doughnut Economics"
Noah Smith 2025.09.29 100% relevant
Noah Smith: 'it’s a lot easier to mathematically model a simple, well‑functioning market... [so] the intellectual hegemony of this type of mathematical model dovetailed with the rise of libertarian ideology.'
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