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Articles: economic models (3)

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The Most Important and Misleading Assumption in the World

Why should we make policy using economic models that don’t reflect what should be obvious to a third-grader?

Macro and Climate Economics: It's Time to Talk about the "Elephant in the Room"

Economic macroeconomic models is the so-called elephant in the room that, unfortunately, almost no one talks about or seeks to improve.

Why Standard Economic Models Don't Work--Our Economy is a Network

With diminishing returns, the economy is, in effect, becoming less and less efficient, instead of becoming more and more efficient.

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