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mass civil delinquency...,
2009-03-05 09:32:26
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maiden lane had a very strange hobby...,
2009-03-06 18:31:54
optimism is everywhere:
Via baum, a pretty good article about how we understand nothing about economics because we don't seem to want to know anything about economics scores this optimistic note:
The future surely belongs to behavioural approaches relying on empirical studies on how market participants learn, form views about the future and change these views in response to changes in their environment, peer group effects etc. Confusing the equilibrium of a decentralised market economy, competitive or otherwise, with the outcome of a mathematical programming exercise should no longer be acceptable.
I think these starting assumptions are deeply unrealistic given the strong probability that there isn't a future for the economy, because the present belongs to neoclassical approaches that rely on deeply unrealistic starting assumptions.
:: posted by buermann @ 2009-03-05 11:26:38 CST |
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