Mainstream Economics Ignorant of Social Structures, Hindering Economic Progress.
Mainstream economic theory often overlooks the influence of social, cultural, and political structures on society. This narrow focus leads to a lack of understanding of the complexities of real-world dynamics. By broadening the scope of economics to include social factors, we can better analyze and interpret social change and economic dynamics. This more comprehensive approach does not dismiss the importance of formal economic models but emphasizes the need to consider a wider range of influences on economic processes.