Mainstream economics — a vending machine view

Created
Tue, 14/03/2023 - 05:46
Updated
Tue, 14/03/2023 - 05:46
The theory is a vending machine: you feed it input in certain prescribed forms for the desired output; it gurgitates for a while; then it drops out the sought-for representation, plonk, on the tray, fully formed, as Athena from the brain of Zeus. This image of the relation of theory to the models we use […]

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