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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
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