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Re:Things Economists Agree On by Read_the_Genes on Sunday November 07, 2010 @05:56AM (#1879130)
Thank you much for crafting this finely worded commentary!!! One point to add:

Many economists assume equilibrium in their models. Often, economists will invoke [Nash] equilibrium as the resting state of the economy. This simplifies their maths, but seems like a dubious assumption for most real world situations. Human activity is biological, and evolving. Economies are complex systems composed of biological entities (humans), and need not ever reach equilibrium.

Out of respect for the recently deceased economics genius, B. Mandelbrot, I urge brave souls to learn his two cents on the topic.

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