5min chapter

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How Can We Plan a Viable Eco-Socialist Future That Everyone Likes?

Current Affairs

CHAPTER

You Will Hurt the Very People You Are Trying to Help

New classical economists don't care about questions of knowledge, right? They just assume they can know everything to make their models work. That's what makes equilibrium analysis possible. And if you have trouble collecting information, then it's hard to manage the economy. So that this also applies to environment quite a bit. For they have to say, no, scientists can't know nature as well as markets can know nature.

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