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Nothing about a consumption function on the Wikipedia page on Stiglitz.

What is taught in freshman courses is not necessarily mainstream in policy building. Economics is a motley subject, with a lot of speculative assumptions, ideological deductions, hand waving with graphs and some serious math, mechanism design. The same economist can easily produce something standard for a freshman course and a theory against prevailing operative streams.

by das monde on Tue Feb 14th, 2017 at 04:58:58 AM EST
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