Wednesday, November 6, 2013

Chris Dillow — Ignorance

Economics, it is said, is the study of scarcity. There is, however, one thing that certainly isn't scarce, but which deserves the attention of economists - ignorance. A recent paper by Richard Zeckhauser and Devjani Roy - which introduces a new method of economic research - shows that this is unjustly neglected in economics.

Stumbling and Mumbling
Chris Dillow | Investors Chronicle (UK)

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