Wednesday, April 25, 2012

A Good Example Of Twisted Economic Thinking

I posted this op-ed by an economist at the University of Chicago, who has been regarded as a Nobel Prize candidate, because it demonstrates how  good minds can be distorted by their economic belief system.  I'll let you wrestle with the argument that he makes in this article.  It totally depends upon the assumptions that he makes about human behavior.  I don't know what planet he lives on.  He should take a vacation from the University of Chicago and mix it up with the real people that he describes in this op-ed.

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