TVHE – The Visible Hand in Economics
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The Visible Hand in Economics
Sorry about the constant methodology talk lately, rauparaha and me have just have methodology on the mind ;) I wish to focus on a subject that is a little different than the rationality definition …
A popular story in macroeconomics and broad public economics is that of Okun’s leaky bucket (Okun 1975). This essentially states that we can think of redistributing income like using a leaky…
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