Cajal and Ortega: The Mirror of emulation and knighthood
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Abstract
Ramon y Cajal and Ortega y Gasset agreed on an idea could thus understand the current economic method, its essential limitations and unsolved problems. When there is no reason to alter things, the equilibrium is stable and durable. Until disaster strikes, what economists call an exogenous shock. The essence of balance is that everyone is right about their ideas about life plan and intentions of others.
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