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user-inactivated · 2928 days ago · link · · parent · post: "The implicit premise seems to be that there are barbarians on only one side of the trade debate."
Governments and businesses make decisions based on economic theories, and the decisions of governments and businesses shape economies, so economic theories predict the behavior of economies and economies behave according to economic theories, at least until institutions stop buying into the theory. Some day we are going to make fun of the economists of the past the same way we make fun of alchemists.