Outdated economic theories dominate society, hindering progress and equality.
Heterodox economics, like Veblen's theory of the business enterprise, is often ignored by mainstream economics despite offering valuable insights. Social science doesn't always follow the principle of natural selection, where the best ideas survive. Sometimes, incorrect or irrelevant theories become popular because they benefit certain groups. This shows that economics, like other fields, can be influenced by vested interests rather than pure merit.