Word: outliermusgraveã
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...1930s during the Great Depression, when Keynesian views about the benefits of government intervention in the economy were starting to enter economic discourse, “Musgrave was always very deeply of the view that the government could make things better,” Poterba said.ECONOMIC OUTLIERMusgrave??s economic principles, particularly with their focus on social equity, did not always square perfectly with mainstream thinking in his field.“He was probably a little bit frustrated that the profession has moved as far as it has toward the efficiency direction,” said Cutler...
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