Decision theory didn’t take off because it’s “law thinking” but better decisionmaking in practice needs “rule thinking”. And the mathematical formalisms early on actually weren’t very complete or meaningful?
There were and are market-economics-knowing people who tried very hard to get the world to a better place. They’re called developmental economists. Turns out that stuff is actually pretty hard, but people are making progress.
Decision theory didn’t take off because it’s “law thinking” but better decisionmaking in practice needs “rule thinking”. And the mathematical formalisms early on actually weren’t very complete or meaningful?
There were and are market-economics-knowing people who tried very hard to get the world to a better place. They’re called developmental economists. Turns out that stuff is actually pretty hard, but people are making progress.