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To: lorne who wrote (73845)7/23/2001 2:16:14 PM
From: long-gone  Respond to of 116912
 
Is Everything Optimal?
The economics of Dr. Panegloss
by Pierre Lemieux
The old joke goes this way. Walking together, a neoclassical economist and a friend see a $100 bill on the sidewalk. The economist has a quick look and keeps walking. "Why don't you pick up the $100 bill?", the friend asks. "Because," the economist answers, "if it were really a $100 bill, somebody else would have picked it up already."

There is a modern school of economics, called the Austrian School (cont)
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