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by Tideflat 3732 days ago
The business owner also doesn't have the training to account for the actions of all the other businesses. The economics professor does.
1 comments

Business people I deal with are highly aware Macro issues. If you ask them what they think of things like minimum wages or other regulatory costs their usual concern is that their' particular entity doesn't suffer an unfair burden.

Academic Economists know pretty much nothing of Macro.