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RE: Sitting in the Dark, Shopping on Empty Shelves and Other 16th Century Problems!

in Silver Bloggers3 years ago

Yup. And hence my (typically unpopular) suggestion that it should be a requirement for anyone to call themselves an "Economist" that they complete at least two years each of Industrial Psychology and Human Psychology. People don't behave like nice quantifiable numbers in a chart!

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I prefer the Austrian school precisely because it begins with analysis of human action instead of some ivory tower academic model of idealized (and often completely imaginary) theories.