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A critique of the Nobel Prize for Economics 2012

Just spotted on ThinkMarkets, a critique of the attempt to make economics like engineering: I have no problem with better matching techniques for students applying to medical school or trying to get into certain popular courses and so forth. But I do object to the project of making economics more like engineering. Economics was born of the desire to elaborate and explain the spontaneous ordering of the market. It also tries to explain the conditions under which that ordering process […]

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