ECONOMIC ANALYSIS: Why economists don't get invited to parties

To borrow a phrase from religion, there are among us a number of people who can be called "supermarket economists." These are individuals who pick and choose the portions of economic doctrine they like, and ignore the conclusions of economics that do not suit their purposes. In public discourse, supermarket economists so greatly outnumber genuine economists that when one first encounters the real animal-usually in a college classroom-the reaction can be a mixture of shock and disappointment. Maybe that's why...

 

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