How would you know?
Did we need a Ph.D. to tell us that if you drink fecal matter, your health will be worse? How about that competition lowers prices? Get the Nobels ready!
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That's reductionist. Economics is not about absolutes, it's about "what is the value?" How valuable is clean drinking water? Is it more valuable than having a doctor nearby? Maybe we should invest our scarce development resources in wells instead of clinics then.
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Unfortunately academic economics has not, does not, and likely will not answer those questions. When real life and the economics paper agree, it's like a blind squirrel finding a nut or a broken clock being right twice a day.
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