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So why were economists so wrong? The problem is that economics is an axiomatic theory, it's deductive, based on assumptions almost all of which are f… - John Komlos
" "So why were economists so wrong? The problem is that economics is an axiomatic theory, it's deductive, based on assumptions almost all of which are false [with] too many omitted factors, and they don't care about contradictions. They don't care about people killing themselves... That's not an economic problem.
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About John Komlos
(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.
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Blackboard economists said that globalization would be good for Americans. ...It had a few winners and... many losers. ...It ...led to an epidemic of Deaths of Despair in which so much was destroyed in America. Hyper-globalization destroyed... neighborhoods and cities and everything in the ... It was like an atomic bomb hit... Alcohol poisoning, drug overdoses accelerated... the destruction of human lives.
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