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To: Bridge Player who wrote (143684)10/3/1999 8:07:00 PM
From: Ian@SI  Respond to of 176387
 
Bridge Player,

While your statements are absolutely accurate for the real world, haven't you forgot the first step in every Econ 101 example: The Simplifying Assumptions.

For example, A rocket scientist, an engineer and an economist were marooned on a desert island. After the rocket scientist and the engineer had despaired of all hope of ever being rescued alive, the economist stepped in and immediately solved the problem.

"First", he said, "Let's assume we have a boat."