Nuclear Weapons, Northeast Asia, and the Greater Fool Theory
by Marcus Noland | March 5th, 2013 | 05:41 amEconomists have a disconcerting habit of studying their own models for so long that they lose track of reality; one such tendency is to focus on “efficiency” to the exclusion of all other values in human relations. Political scientists do the same thing with concepts like “regime preservation.” But understanding that all professions suffer from [...]