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The Wiki Man

Why human nature means most economic models are doomed from the start

9 June 2018

9:00 AM

9 June 2018

9:00 AM

History records many well conceived and apparently logical grand plans for the betterment of mankind. Sadly such ideas almost always fail. Why is this? One possibility is that they fail precisely because they are logical.

The dictates of logic require the existence of universally applicable laws. But humans, unlike atoms, are not consistent enough in their affinities for such laws to hold very broadly.

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As the US decides, so can you

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