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date: 28 February 2020

Abstract and Keywords

This article discusses what is missing from the literature on political economy. The first section discusses the need for a dynamic theory, which is illustrated in three examples provided in the latter portion of the article. It then examines the centrality of beliefs and argues that the failure to understand some fundamental questions reflects that social science fails to have a truly dynamic theory that considers the non-ergodic nature of the world.

Keywords: literature, political economy, dynamic theory, centrality, beliefs, social science, non-ergodic nature

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