Saving The World From The Economists: Ronald Coase & Paul Krugman


By Steve Denning – Economics, writes Nobel Prize winner Ronald Coase, as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship.

If the only problem of economists was one of irrelevance, then we could view the exchanging of econometric models of largely irrelevant issues by academics in ivory towers with the same nonchalance that we view medieval theologians arguing about how many angels can dance on the head of a pin.

The sad reality is that the people do pay attention to economists and their models. more> http://tinyurl.com/cfx3tbt

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One response to “Saving The World From The Economists: Ronald Coase & Paul Krugman

  1. Pingback: Negative Externalities & the Coase Theorem | Sustainable Engineering Systems

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