Pessimism is ubiquitous throughout the western world as the pressing issues of massive debt, high unemployment and anemic economic growth divide the p...
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My car mechanic is a fair dealer -- his business is about preservation and investment. The financial crisis, on the other hand, was caused by a competing economic model of extraction and consumption.
The sooner we stop coddling -just for sake of political correctness- the unbalanced and dysfunctional global economic order, the better will be our chances of surviving the crisis.
In addition to exposing a few absurd underlying economic presuppositions, Colander is helping shift incentives for professional economists toward engaging in more useful studies.
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