Safe with tenure, he spent his days teaching bored kids, and
his nights working on his nearly perfect economic model.
The problem with every other economic model was that they
kept relying on people being rational, that they’d make the best rational
decision available. But every time someone applied one to real people, they’d
act irrationally and ruin it.
But after many years, he had accounted for every variable, and
began to make predictions.
That all failed.
So, he refocused. If he couldn’t make the model irrational
enough, he’d make people rational.
He rationalized twelve before they cut him down.
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