Abstract
Economists oversimplify the ‘real world’. I teach my students about the concept of ‘ceteris paribus’ – the idea that when looking at an economic relationship, we assume all other things equal. While useful in thinking about economic models, it does not help much in modelling ‘real world’ complexity. This, then, has led many economists to worry about unintended consequences of policies that are designed to do one thing but do other things too.
| Original language | English |
|---|---|
| Publisher | University of Aberdeen: Business School |
| Media of output | Online |
| Publication status | Published - 17 Apr 2019 |
