{"id":69,"date":"2006-04-22T03:05:00","date_gmt":"2006-04-22T10:05:00","guid":{"rendered":"https:\/\/freedom24.org\/rationalpost\/?p=69"},"modified":"2006-09-04T13:41:35","modified_gmt":"2006-09-04T17:41:35","slug":"1982","status":"publish","type":"post","link":"https:\/\/freedom24.org\/rationalpost\/1982\/","title":{"rendered":"1982"},"content":{"rendered":"<p>&#8220;Year after year, economic theorists continue to produce scores of mathematical models and to explore in great detail their formal properties; and the econometricians fit algebraic functions of all possible shapes to essentially the same sets of data without in any way being able to advance, in any perceptible way, a systematic understanding of the structure and the operation of a real economic system.&#8221;<br \/>\n<em>&#8211; Wassily Leontief, 1982<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Year after year, economic theorists continue to produce scores of mathematical models and to explore in great detail their formal properties; 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