Pitchfork Economics with Nick Hanauer cover image

Breaking Up Big Econ (with David Deming)

Pitchfork Economics with Nick Hanauer

CHAPTER

Economics: Theory Meets Reality

This chapter examines the unique characteristics of economics as a discipline, focusing on the interplay between theoretical models and empirical evidence. It critiques traditional economic theories in light of real-world complexities, particularly in the context of the minimum wage debate and market dynamics.

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