Economic Pathology

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Chapter 15 in Economics as Anatomy, 2019, pp 165-177 from Edward Elgar Publishing

Abstract: Physicians focus on human ailments; apparently the healthy human body has limited interest for them. When a patient sees a doctor, the doctor's question, voiced or implicit, is “What's your problem?” Economists, on the other hand, generally assume a healthy economy … Their postulate is that the market is always right. In effect, they assume an economy with a temperature reading of 98.6 degrees, and no broken bones. Don Paarlberg

Keywords: Economics and Finance; Research Methods (search for similar items in EconPapers)
Date: 2019
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