Economics of internet dating
And these bad ideas have come to be accepted as the correct interpretation of how the economy functions and thus have become the basis for economic policy.Thus it should come as no surprise that, like so many other hidebound institutions these days, the economics profession is experiencing a crisis of confidence.The annual conference and the welcome submissions from all fields of economic research and from economists around the world.One frequently-asked question is: What is Southern about the Southern Economic Association?
We have seen economists espouse mercantilism, Malthusianism (a particularly pernicious branch of economics), Marxism and communism, socialism and its twin brother fascism, Austrian economics, capitalism, the gold standard and its cousin bimetallism, monetarism, protectionism, and a whole list of corollary theories like rational expectations, the efficient market hypothesis, and dynamic stochastic general equilibrium.
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“Too large a proportion of recent ‘mathematical’ economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.” – David Whyte One of the most important concepts that my economic, philosophical, and political mentors have drilled into my head is this simple statement: Ideas have consequences.
As a corollary to that, bad ideas have bad consequences.