3.12.2005

American Economy modeled as gas

A random blog article about how economists are modeling all of the economy but the top 3% as a gas. You have to read it if only for this quote, "...as macroeconomist Makoto Nirei puts it, the gas model "seems to me not like an economic exchange process, but more like a burglar process. People randomly meet and one just beats up the other and takes their money."

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