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Persistent link: https://www.econbiz.de/10001917339
A paradox is a proposition in (alleged) contrast with common sense. All science is replete with paradoxes. Economics is not an exception. This paper is focused on two widely discussed paradoxes: the Mandeville paradox (and the associated idea of an 'invisible hand') and the Prisoners' Dilemma...
Persistent link: https://www.econbiz.de/10014072938