The Assumptions Economists Make
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The germ of this book was planted more than two decades
ago in my
efforts to explain economic theory to myself. But why write a book, for
myself or anyone else, trying to explain economic theory rather than
proposing a concrete solution to one of the world’s many urgent problems,
such as how to alleviate income inequality or do something
about
global warming? Because I had grown tired of listening to heated arguments
that always seemed to disagree for reasons I could never quite
identify. Economics textbooks usually suggested doing nothing. For example,
take the 2006 edition of the well-regarded
graduate text Advanced
Macroeconomics, by the relatively liberal economist David Romer. Of
course,...
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The Assumptions Economists Make
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The Assumptions Economists Make
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