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According to Shiller, Keynes never got past the fuzzy stage, and it didn't lead him to a precise mathematical model. And that's why, ultimately, Keynes
According to Shiller, Keynes never got past the fuzzy stage, and it didn't lead him to a precise mathematical model. And that's why, ultimately, Keynes was rejected by the profession.
give me explanation Why is a precise mathematical model so important for economists?
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