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Diane Coyle on Cogs, Monsters, and Better Economics

EconTalk

CHAPTER

Philosophical Dilemmas in Economic Decision-Making

This chapter explores the complexities of cost-benefit analysis in economics by examining hypothetical scenarios such as the relocation of Stonehenge and the controversies surrounding the Elgin marbles. The discussion highlights the philosophical challenges of cultural preservation and ownership, revealing the limitations of economic models in addressing the human experience.

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