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Published online 29 October 2008 | Nature | doi:10.1038/news.2008.1183
Column: Muse
What you don't learn at school about the economy
Ignoring decades of sophisticated economic theory spells trouble for us all, argues Philip Ball.
The column inches devoted to the global financial crisis must surely now be running into miles, and a fair yardage has been devoted to attacking economics and its practitioners.
Many commentators have pointed out that a largely unregulated market has clearly failed to deliver the optimal behaviour promised by conventional theories of economic competition.
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