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    Folk psychology is a mediocre theory of human behavior — Carmelics
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    Challenges→Economics does not pass methodological muster as an empirical science

    Folk psychology is a mediocre theory of human behavior

    Consciousness & MindTruth & Knowledge
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    Related propositions within the same area of thought.
    Economics can only make imprecise generic predictionsEconomics cannot make progress because it is built around folk psychologyEconomics does not pass methodological muster as an empirical scienceEconomics does not show the same consistent progress as the natural sciences
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    Folk psychology cannot be improved due to the irreducibility of intentional noti...

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    One radical reaction to the difficulties of justifying the reliance on severe simplifications is to deny that economics passes methodological muster. Alexander Rosenberg (1992) maintains that economics can only make imprecise generic predictions, and it cannot make progress, because it is built around folk psychology, which is a mediocre theory of human behavior and which (owing to the irreducibility of intentional notions) cannot be improved. Complex economic theories are scientifically valuabl

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