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Economic Pathology

In: Economics as Anatomy

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Abstract

Physicians focus on human ailments; apparently the healthy human body has limited interest for them. When a patient sees a doctor, the doctor's question, voiced or implicit, is “What's your problem?” Economists, on the other hand, generally assume a healthy economy … Their postulate is that the market is always right. In effect, they assume an economy with a temperature reading of 98.6 degrees, and no broken bones. Don Paarlberg

Suggested Citation

  • ., 2019. "Economic Pathology," Chapters, in: Economics as Anatomy, chapter 15, pages 165-177, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17539_15
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    Keywords

    Economics and Finance; Research Methods;

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