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Comments on: Discussion Tuesday http://www.tvhe.co.nz/2014/09/23/discussion-tuesday-36/ The Visible Hand in Economics Tue, 23 Sep 2014 00:25:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2014/09/23/discussion-tuesday-36/#comment-43583 Tue, 23 Sep 2014 00:25:00 +0000 http://www.tvhe.co.nz/?p=11806#comment-43583 In reply to Kimble.

Hey guys,

I view the humility here as being based on the knowledge necessary to “design” – as economists try to study “what is” there is a temptation to start believing we know “what is” … when in fact the world is more complicated than that. So we need to be careful making policy to try and “achieve outcomes”.

I’m sure that is a point you’d both agree on 🙂

]]> By: Kimble http://www.tvhe.co.nz/2014/09/23/discussion-tuesday-36/#comment-43582 Mon, 22 Sep 2014 23:46:00 +0000 http://www.tvhe.co.nz/?p=11806#comment-43582 In reply to Paul Walker.

Economists know a lot.

Economist does not.

Econ student has a negative amount of knowledge.

“I rely on common sense” lay person is dividing by zero.

]]> By: Paul Walker http://www.tvhe.co.nz/2014/09/23/discussion-tuesday-36/#comment-43581 Mon, 22 Sep 2014 23:42:00 +0000 http://www.tvhe.co.nz/?p=11806#comment-43581 What Martin Wolf has to understand its that is comparative advantage that matters. Economists may not know much but its more than anyone else knows.

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