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The Assumptions Economists Make
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Economists make confident assertions in op-ed columns and on cable news—so why are their explanations often at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with these contradictions, Jonathan Schlefer set out to investigate how economists arrive at their opinions.
While economists cloak their views in the aura of science, what they actually do is make assumptions about the world, use those ...