Lol
Reposted from
Michael Pettis
9/9
Economists are not notoriously good at understanding the assumptions needed to make their models work, but it is surprising that there is so little understanding of the assumptions underlying one of the simplest and most famous models in economics.
Economists are not notoriously good at understanding the assumptions needed to make their models work, but it is surprising that there is so little understanding of the assumptions underlying one of the simplest and most famous models in economics.
Comments