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> It confuses economics used to advance political or commercial goals with academic economics. Does it? Or is this totally confused in the practical world too?
by fiatjaf 9y ago
> It confuses economics used to advance political or commercial goals with academic economics.
Does it? Or is this totally confused in the practical world too?
- nabla9 9y agoIt's not. For example, the austerity debate has been academically settled. Politicians took one academic paper (outlier) with error and used it to screw things up. IMF did mea culpa after data disagreed.