
Real Economics (with Peter Boettke)
Free Thoughts
00:00
The Importance of Logic in Economics
economics is a series of debatesa technical debates, a and a. So people were constantly debating issues. But once we got mathematics into the picture, what we had to recognize is that we were giving up o logical soundness. And when you lose the sorting mechanism, you get stuck with these toy economies and no way to sort between them.
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