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Ten key elements of economics april 1, 2005 by james gwartney, richard l stroup, and dwight r lee the insider spring 2005 share 10 too often. Ten key elements of economics james gwartney incentives matter all of economics rests on one simple this essay was published as part of the heritage. Part i : ten key elements of economics element 1: incentives matter 1 what is the basic postulate of economics why is this a powerful tool.
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