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> In addition, an economic theory can only be useful if the actions that they dictate can actually be put into practice; if nobody's going to follow what the th
by jjk166 6mo ago
> In addition, an economic theory can only be useful if the actions that they dictate can actually be put into practice; if nobody's going to follow what the theory tells you to do, then it's of little use at all.
That is not a requirement for a theory to be useful. The fact that not using it has a cost is proof of its utility.