Nicholas J. Theocarakis wrote:  
...I am not accusing anyone that  s/he ignores constraints. I object  
to the fact that constraints are taken for granted.   
   
Economics as a science takes most of the social phenomena as outside its positivist
purview and therefore exogenous.  Perhaps the trouble really lies in the 'economics' &
'political economy' dichotomy. In the development of economics as a highly precise,
mathematical (physics-like?)  discipline, it did create a Moloch (had to look this one up)
on whose altar the social nature of the subject had to be sacrificed. There is a
schizophrenic quality to this development, a far cry from the classical view of what they
were trying to do. The normative concerns of economic society  necessarily get a short
shrift in the process.
   
Sumitra Shah