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It is just debasement--there is overuse.

Folks who hope to explain everything with a few simple rules tend to omit a LOT if the situation is complex.  The desire for economics to find ONE economic motivation for human behavior is why Neo-Classical economics can be most accurately described as a lame theology.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Wed Jul 18th, 2007 at 06:21:47 PM EST
[ Parent ]
It is NOT just debasement

"Remember the I35W bridge--who needs terrorists when there are Republicans"
by techno (reply@elegant-technology.com) on Wed Jul 18th, 2007 at 06:22:46 PM EST
[ Parent ]
The one-dimensionality and compartmentalisation of economic models is really depressing. It would seem that they come up with toy models that can be represented neatly on a two-dimensional graph for pedagogical purposes, and then they forget to progress to more realistic models. And that's being charitable.

Can the last politician to go out the revolving door please turn the lights off?
by Migeru (migeru at eurotrib dot com) on Wed Jul 18th, 2007 at 07:00:10 PM EST
[ Parent ]

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