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The Paranoid Style in Economics by Raghuram Rajan - Project Syndicate


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A great piece by one of my favourite economists. Here is one gem from the article below

"Why the paranoid style has become so prominent? Part of the answer is that economics is an inexact science, with exceptions to almost every pattern of behavior that economists take for granted."

If you put five economists in a room you'll get at least 6 opinions about anything.

But ultimately, due to the beauty and simplicity of economic models, most could perhaps fall into 2-3 camps ;) 

I was going to add that at least one economist will then try to lump the five into 2-3 groups. Ha!

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