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comes to a very socially desirable equilibrium.
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And later in the course we're going to find that that argument
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is also too narrow.
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So my point that I'm going to gradually get to is that
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economists have constantly taken too narrow and too special a
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view of the world, and as you enlarge the view of
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the world you have, not by making things
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mathematically simpler, actually you have to make them
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mathematically slightly more complicated,
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as you enlarge the view of the world you have you get closer to
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the truth and you start to find that the free market isn't quite
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as wonderful as you thought at first and therefore there's room