Spinoza, Descartes and suspension of disbelief in the ivory tower of economics

Here's something I want to run by you on behavioural economics and the way economic issues are being debated in the blogosphere.
We are witnessing an implosion of long-held belief structures that go the core of how we believed our economic system functioned. You heard Alan Greenspan admit this after the financial system collapsed in his testimony in October 2008 before Congress:

"Yes, I found a flaw," Greenspan said in response to grilling from the House Committee on Oversight and Government...

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