We Need to Re-Think Economics

Vikas Shah, November 2013 Originally Published in Entrepreneur Country It’s curious how we treat the market as a phenomenon that exists outside us; akin to climate.  Our forecasts describe the oscillations and undulations of this entity with the accuracy we would expect from weather forecasts.  Tens of thousands of businesses, traders and other participants go-out, take-cover or make decisions on the basis of these words.  For longer than most market-participants would care to admit, the…

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