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He predicted globalization’s failure, now he’s planning what’s next

PolicyCast

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Economists Models Are Like Maps

Sonow: Economists models are like maps, which are simplifications. And deliberate distortions of the underlying realities. If you look at the boston subway map, you're not going to recognize any physical reality of boston. But it's incredibly useful if you're in travelling by some way. Sonow: It's important that we have these maps, but we also need to know exactly which map to take with us where. That's the art part.

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