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Economic development happened once in each country, which is why the big theories of why nations get rich cannot be tested.
Drawn from what Noah Smith said
What Noah Smith actually said
- Noah Smith Economics writer; author of the Noahpinion newsletter
History only happens once, so our ability to make a science out of one-time historical events like economic development is very limited.
Where this was said
↗Could development economics be more useful?noahpinion.blog
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