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Not only that, but the current economic climate necessarily tells us where the effectiveness of economic theory lies.
by rhizome 9y ago
Not only that, but the current economic climate necessarily tells us where the effectiveness of economic theory lies.
- TheSpiceIsLife 9y agoNot Economic Theory, but Economic Practice as implemented by politicians and bureaucrats. That's not to say that economic theory is all sound, but that even the soundest of theories doesn't stand a chance against the incompetence of government.
- rhizome 9y agoThe "incompetent" economic behavior you speak of is also based upon theory.