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The Economic Case for Admitting You Just Don’t Know

Economic models make Roman Frydman think of his youth in communist Poland. When he arrived at Columbia University as a graduate student in the 1970s, he says, ”the idea of market perfection sounded very much like some central planner’s platonic ideal.” Frydman now teaches economics at New York University.

via The Economic Case for Admitting You Just Don’t Know – Businessweek.

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