I think modern economists have been acknowledging and quantifying the flaws in simplifying assumptions in economic models for decades [1].
That being said, I do think there is a serious problem in the way economics is often taught, and things like debt (and more broadly, anthropology) is part of the cure [2]
Noted, but they still are pretty accepted in mainstream economics (nobel prize in economics in 2002).
Also of course, they're not the only ones doing behavioral economics [1]:
> Imperfect information is core to modern econ; theories showing how imperfect information can cause markets to break down received a Nobel 20 years ago. Perfect rationality has been successfully challenged by behavioral economics for decades, and received Nobels in 2002, 2013, and 2017.
Economics is hard. Behavioral economics is having a hard time right now with many of the core hypothesis (loss aversion) and key interventions (priming) turning out to be experimentally not-reproducible.
That being said, I do think there is a serious problem in the way economics is often taught, and things like debt (and more broadly, anthropology) is part of the cure [2]
[1] https://en.wikipedia.org/wiki/Behavioral_economics
[2] https://ravik.substack.com/p/does-learning-economics-make-yo...