Emotional economics.(Editorial)(Brief article)

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From: Arkansas Business
Date: 20080204
Author:

A CENTURY AND A HALF HAS passed since Thomas Carlyle branded economics "the dismal science"--and it still seems dismal most of the time, but less and less like a science. In the 21st century, you'd think that economics would have been refined to digital certainty in which one and one always make two and reactions are equal to actions. Instead, economics seems as emotionally charged as a room full of 14-year-old girls: irrationally exuberant, irrationally depressed, finding deep meaning--positive or negative, depending on the day's prevailing mood--in the smallest of clues.

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