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Tag: economic equilibrium

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Analysis, Economy, Money Talk, Science & Technology News

Study suggests a key assumption of economic theory may be wrong.

March 1, 2019

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The concept of equilibrium, one of the most central ideas in economics and one of the core assumptions in the vast majority of economic models, may have serious problems, concludes a study from the Institute for New Economic Thinking at the Oxford Martin School.

Continue reading… “Study suggests a key assumption of economic theory may be wrong.”

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