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by SantalBlush
1996 days ago
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You describe pretty well here just one reason why economists study markets: They tell us what people actually value, and how much, not just what they claim to value. It turns out, there can be a large disparity between the two. Most people would say they place a high value on human life, but we don't know how true that is until we see what costs they're willing to incur in the name of helping others. |
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