Why are modern economic theories so fallacious?

Hence why Bryan Caplan’s ‘rational irrationality’ is a perfectly valid concept. The first usage of the term rational implies a response to incentives, whereas the second usage of the term relates to logically contradictory viewpoints or actions that are based on said contradictions.

An actor is satisfying his psychological desires while minimizing the psychic cost of introspection (rationally) by holding contradictory beliefs (irrational).