The Virtues and Vices of Econ 101

“Supply and demand just doesn’t cut the mustard.” Or does it?

Bloomberg Opinion
Sep 20, 2019 · 6 min read

By Michael R. Strain and Noah Smith

Economics 101 is the name many colleges and universities use for their introductory undergraduate economics course. It’s also shorthand for the ideas at the heart of classical economics as they have been taught for generations. Some economists

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