The "What is Money?" Show cover image

How to Think About the Economy with Per Bylund (WiM248)

The "What is Money?" Show

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The Aim of Economics Is to Understand How an Economy Works

There's just, it's impossible to isolate the variables in social sciences. As you try to apply an experiment or an observation, well, the organism is going to adapt in, in unpredictable ways. So yeah, this approach to economics is realizing that, right? That combinatorial explosion of you can't possibly know what's going to happen versus when they do.

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