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4: Timur Kuran - The Economics of Revolution and Mass Deception

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The Biggest Danger to Political Economy

So, because your theory can be accommodated within the standard theory. Well, i think i could do a pretty decent job of she horning it into the sort of samuelson neo classical perspective. The problem is it's a ready made upgrade to the existing theory in which nothing is lost, but new degrees of freedom are gained. And that could have an absolutely unpredictable effect on the entire field, because it's at the level of the substrait. But the big danger is that so many propositions involving efficiency, that if you let the system, it reveals you letand the principle of revealed preferences go out the window.

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