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Sameness is Just Wrong — Peter Radford

Summary:
Nothing new but it's worth restating from time to time. Ergodicity for one thing, simplicity for another.There is something truly odd about any economist who lives wholly in the world of equilibrium. Truly odd. Just think of what they have to assume to get thereThe Radford Free PressSameness is Just WrongPeter RadfordRelatedLars P. Syll’s BlogThe leap of generalizationLars P. Syll | Professor, Malmo University

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Nothing new but it's worth restating from time to time. Ergodicity for one thing, simplicity for another.
There is something truly odd about any economist who lives wholly in the world of equilibrium. Truly odd. Just think of what they have to assume to get there
The Radford Free Press
Sameness is Just Wrong
Peter Radford

Related

Lars P. Syll’s Blog
The leap of generalization
Lars P. Syll | Professor, Malmo University
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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