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James Otteson — What Are The Seven Deadly Sins of Economics?

The Curious Task

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What Are Opportunity Costs?

The most practical advice you could give to someone that isn't going to run a regression analysis on their own life is ultimately, and what I pulled from the book to. Just be more mindful of this stuff. It's not as much about stats and becoming an economist in your own life. And one of the concepts of a central concept of economics, you get it in every microeconomics class: opportunity costs.

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