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S E50: A Conversation with Larry Summers: The Influence of Economic Ideas and the Dangers of Secular Stagnation
Think Like An Economist
How to Think Like an Economist
Larry Summers: To think like an economist means to recognize that everything is a trade off. He says things don't always happen because of a plan and direction, but they often happen because of the invisible hand of themark place or some other mechanism. "It lets you explain a tmount about the natural world," he adds.
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