DAVIES, Howard. "Economics in Denial" (2013, Project Sindicate)

"Many conference participants agreed that the study of economics should be set in a broader political context, with greater emphasis on the role of institutions. Students should also be taught some HUMILITY. The models to which they are still exposed have some explanatory value, but WITHIN constrained parameters. And painful experience tells us that economic agents MAY NOT behave as the models suppose they will." (DAVIES, Howard. Former director of LSE, 2013) [Emphasized text]


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