Editorial July 29, 2002 ISSUE

Economics 101

John Selover

Do any of us remember Economics 101? A little? I do remember a recurring discussion of the "economic man" who would behave in a perfect economic manner in every circumstance.

This economic creature would know all there is to know about cost, price, exchange rates, mergers and acquisitions, initial public offerings, equities, bonds, the World Trade Organization, capital formation, and would be a perpetual guest on Louis Rukeyse's television program.

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July 29, 2002
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