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Anne Dalke's picture

a little economics to go w/ that art....?

Submitted by Anne Dalke on Sat, 09/12/2009 - 7:16am.

On this anniversary of the financial collapse, mebbe we ought all to learn a little bit more about how the complex system that is the global market operates. Paul Krugman had a very-clarifying-to-me article in last week's NYTimes Magazine, "How Did the Economists Get It So Wrong?": "economists will have to learn to live with messiness. That is, they will have to acknowledge the importance of irrational and often unpredictable behavior, face up to the often idiosyncratic imperfections of markets..."
 

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