Ekvationer & ekonomi
Human action.
EKVATIONER & ECONOMICS?
“Equations won´t tell us anything about how individuals act and therefore about how the economy works. If one wants to make good predictions one has to master the basic laws of human action. Only then does it become possible to interpret correctly numbers and empirical facts.”
“The practical value of economics is to be seen in this power of predicting the outcome of definite measures.”(Mises)
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