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Economics Is the Deadliest Science

Economics Explained

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The Drawbacks of Data-Driven Economics and the Impact of Globalization

This chapter explores the drawbacks of relying solely on economic data and metrics to make decisions, emphasizing the importance of considering intangible factors like human fulfillment and happiness. It discusses the work of Nobel laureate Angus Deaton and how his findings shed light on the unequal distribution of benefits from globalization.

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