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‘Instead of being concerned with what actually happens in practice….(economics) is increasingly preoccupied with developing pseudo-mathematical formulas. These provide models of behavior which never quite fit what actually happens, in a way which resembles the physical sciences gone wrong: instead of equations describing reality, economics produces equations describing ideal conditions and theoretical clarity of a type which never occurs in practice’.
Which of the following best summarizes the argument of this paragraph?

  • Economics ought to be more like the physical sciences

  • Theoretical clarity is undesirable in economics

  • The physical sciences are wrong to emphasise mathematic formulae.

  • The physical sciences are wrong to emphasise mathematic formulae.


D.

The physical sciences are wrong to emphasise mathematic formulae.

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