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the economist of this variety and the pure theorist (so far as public policy is concerned) has been somewhat like that described in the old saw about the pacific married couple in which the wife made only the unimportant decisions-she settled routine housekeeping issues such as the place for their vacation, and the make of their next automobile, while his were the world shaking decisions-what stand the family should take on the Soviet Union's relations to Cuba, on the proper amount of federal aid for urban mass transportation, etc.
William J. Baumöl (Fri,) studied this question.
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