We have talked at times how economic theory does not explain everything. There are issues with how our markets work in health care, we have significant income inequality, monetary policy sometimes has little effect and fiscal policy has resulted in large deficits, and consequently a huge national debt. Choose an area of economic thought that you believe is most problematic. You are not limited to the above. Tell why you believe it deserves special attention. It is important to include analysis from the Komlos book in your answer.

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Analyzing the limitations of economic theory and identifying a problematic area is subjective and depends on ones perspective However lets focus on in... View the full answer