“In physics our knowledge exceeds our understanding. In economics the reverse is true. Seeing why helps us make sense of both of these disciplines.
“In physics we’ve reached the point where we know the nature of things to twelve decimal places. We reached that point by starting with common sense and correcting its predictions until we arrived at quantum mechanics—a theory that we literally can’t understand, despite the fact that we know it to be as close to the truth as any t...
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