Questioning economist commitments to markets?

in angus •  10 months ago 

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https://www.imf.org/en/Publications/fandd/issues/2024/03/Symposium-Rethinking-Economics-Angus-Deaton

Nobel Prize winning economist Angus Deaton begins to question economists' commitment to markets.

Most interesting to me is his encouragement for economists to have more humility, because he violates this very principle in encouraging more government determination of economic outcomes.

Just where is the humility, after all, in believing you can effectively use a highly complex tool whose operations you have determinedly avoided studying (government) to fix the world's most complicated machine (the economy)?

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