Two “Laws” of Economics We Need to Break
OK … they’re not really laws, but they are justifications that the world of economists have used for decades to explain the woes of the world away. For those of you who haven’t taken a 101 course, here they are: Other things being equal ("ceteris paribus") There are no externalities We MUST recognize that these ‘rules’ can no longer be discarded. The first rule is […]