"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Egypt, Tunisia, and the Failure of Neoclassical Economic Theory
The flaw in neoclassical economic theory that’s behind the Middle East’s winter of discontent is the acceptance of gross domestic product (GDP) as an indicator of citizen well-being.
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