According to our mail screener, this msg had an attached virus. - - Bill Dickens

William T. Dickens
The Brookings Institution
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Economics is a way of framing questions, it is not the answer to those qu=
estions.


III. The Future and Its Enemies

Embracing Change; Change as =91Good=92

Remember from lecture #1 the distinction between appreciative and formal =
theory.  Most economic analysis is not about change, but instead about wh=
at happens when all that changing circumstances require have worked thems=
elves out.  But the process of adjustment to changing circumstances is wh=
ere economic life is actually being lived out.  So it makes sense that ou=
r economics should be about change and the adjustment and adaptations tha=
t change invokes.

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