Why “Freakonomics” failed to transform economics
economist.com/finance-and-economics/2024/03/21/why-freakonomics-failed-to-transform-economics“Economics is a study of mankind in the ordinary business of life.” So starts Alfred Marshall’s “Principles of Economics”, a 19th-century textbook that helped create the common language economists still use today. Marshall’s contention that economics studies the “ordinary” was not a dig, but a statement of intent. The discipline was to take seriously some of the most urgent…
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