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View Diary: The Myth of the "Consensual" Marketplace (124 comments)

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  •  The one thing (4+ / 0-)

    that really stuck with me from my first economics class I took back in 1981 was his assumption that economist must make and not forget.  

    Economists must assume that all players are making rational decisions to study economies.  Economists must never forget that most players will never make rational decisions.

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