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Theoretical and Applied Economics
No. 7 / 2009 (536)

Fleeing the extremes

„We, animals, are the most complicated things
in all the known universe.”

Richard Dawkins

The economists' propensity of accepting as working hypotheses the assumptions of ideologies already seems natural. In conditions where decisions have either emotional determinants (especially in microeconomics) or political ones (particularly in macroeconomics), the economists have assumed a losing position. Their theories, in order to be successful - which means being friendly towards the leadership - have searched for the explanation around rationality, often in spite of it.

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