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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Monday, July 28, 2014

Rethinking Economics in a Changed World!

Although a little bit old, but still it’s a worth reading. Camilla Andersen, in Finance and Development, IMF (June 2011), sums up the assessment of three Nobel Laureates on global financial crisis, and the discussion what the crisis has meant.  

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