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Economic rationalism has little left to offer : Comments
By Andrew Wear, published 6/11/2007Economic rationalism is looking increasingly irrelevant in Australia.
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Yes it can, no they don't.
"When tariff reduction has occurred, it has been by negotiation. We will reduce our tariffs if you will reduce yours. From the economist's point of view, it is rather like my offering to stop hitting myself on the head with a hammer if you agree to stop hitting yourself on the head with a hammer."
- David Friedman.