I mean a lot of concepts in economics are descriptive, they note phenomenon that just happen when humans engage in trade or resource allocation amongst each other.
It’s basically the three body problem but with sharing according to the maximum satisfaction of want and need instead of gravitational fields.
Its real and true about some rules that in no way relate to the real world. Just like a video game has rules, yet it in no way describes reality.
It is real because we all believe it. The video game is a good example, we can shut it down and all your items are gone. Same with economy.
I mean a lot of concepts in economics are descriptive, they note phenomenon that just happen when humans engage in trade or resource allocation amongst each other.
It’s basically the three body problem but with sharing according to the maximum satisfaction of want and need instead of gravitational fields.