in an imperfect world. That is really what economics are.
Yes there are truck loads of definitions, works etc. but based on a couple of books and certain discussions with friends it sinks in more and more.
The world is imperfect and it has to be - nothing in the universe is. Just physics...
Therefore economics which are based on scarcity - take scarcity away and there are no economic problems (well maybe overpopulation)- will be imperfect as well.
And who needs perfection ? No one really - the key is reaching a state where one can say good enough.That sounds plausible. If only it wasn't as possible as someone catching their shadow...
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