Two fundamental flaws in economic thinking | Daily FT

The role of the economy has become one that keeps human needs and wants ever increasing in order to ensure that people will increase their consumption on continuous basis to prevent the economic system from crashing – Pic by Shehan Gunasekara By Hema Senanayake I know it is an intellectual risk to challenge a main axiom in economics. Challenging two of them poses a major risk. Questioning two axioms at the same time is not an arrogant choice of this writer, instead it is required as both axioms are interrelated. Axioms do exist. A dictionary definition says that axiom is “a self-evident and ne…

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HEDGE accordingly