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Saturday, March 31, 2012

''Dead End Economics: The Curse Of Neoclassical Thinking''

From Economy Watch


"Neoclassical economics has led us into a cul-de-sac. Although alternatives do exist, neoclassical thought has been so deeply entrenched into our finance ministries, economics departments, banks and other financial institutions, until a widespread belief has now materialised: that fictions like “perfect markets” and “efficient market hypothesis” are real."


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