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Anat Admati on Economics and Politics

The title of Anat Admati's essay makes an abstract unnecessary. She's thinking of financial economics, but much of what she says will be of interest to market designers as well.

There is No Economics without Politics
Every economic model is built on political assumptions
By Anat Admati

"...historian Adam Tooze laments the narrowness of economics. He quotes economist Abba Lerner, who famously said in 1972: “Economics has gained the title Queen of the Social Sciences by choosing solved political problems as its domain.”

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