I am personally acquainted with an economist who has done a lot of work modeling how regulations are subverted by illegal activity.
Most criticisms of economics assume that the pap they were taught in an intro course is all that there is. That’s like assuming that all physics involves simple demonstrations of Newtonian mechanics, since that’s what you’ll see in your first physics class.
I am personally acquainted with an economist who has done a lot of work modeling how regulations are subverted by illegal activity.
Most criticisms of economics assume that the pap they were taught in an intro course is all that there is. That’s like assuming that all physics involves simple demonstrations of Newtonian mechanics, since that’s what you’ll see in your first physics class.