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Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn inco...more

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If the world were full of the self-seeking individuals found in economics textbooks, it would grind to a halt because we would be spending most of our...more

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Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a scien...more

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Since the 1980s, we have given the rich a bigger slice of our pie in the belief that they would create more wealth, making the pie bigger than otherwi...more

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Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies.Businesses were, so the story...more

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Equality of opportunity is not enough. Unless we create an environment where everyone is guaranteed some minimum capabilities through some guarantee o...more

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The issue of false consciousness is a genuinely difficult problem that has no definite solution. We should not approve of an unequal and brutal societ...more

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Economics is a political argument. It is not – and can never be – a science; there are no objective truths in economics that can be established indepe...more

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I would go one step further and say that the willingness to challenge professional economists - and other experts - should be the foundation of democr...more

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95% of economics is common sense