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I used to joke that when economists write down a model they unleash their "inner central planner". Clearly, they assume the have knowledge of all relevant factors in a problem and that they can figure out the consequences of various actions.

"It's the statue, man, The Statue."
by Migeru (migeru at eurotrib dot com) on Mon Mar 19th, 2007 at 05:27:44 PM EST
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