Articles by Prof John Kozy
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Abstractions Versus the “Real World”: Economic Models and the Apologetics of Greed
Prof John Kozy – Global Research,
20 Feb 2012
The realm of economic models can be likened to the realm of Platonic Ideas. Both realms are static and unchanging throughout all time. Unfortunately the real world constantly changes. Since externalities are excluded from all economic models and can be expected to change after any model is implemented, all economic models necessarily fail. Economists are frauds and economics amounts to nothing but an apologetics of greed.
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