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

PolicyCast

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Is It a Bug in Economics?

i find economics as a very powerful way of thinking. I think where often economists have gone wrong is no commit the error of thinking a model is the model. We can't ever have one model that's going to apply everywhere and over any over time, to different circumstances. So figuring out which model applies is critical. And i think we economists are not nescessarily very good at navigating across those different models,. in part because we actually don't teach it.

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