Neoliberal economic policies, predicated on well-functioning markets, misfired in developing countries – just as planning models, presuming competent and capable bureaucrats, failed in an earlier era. The efficient-markets theory led policymakers astray by encouraging them to undertake excessive financial deregulation.
在这个存在多种变化情况的世界上，如果社会科学家使用了错误的模型可能会产生严重的后果。基于完善市场的新自由主义经济政策在发展中国家就碰了钉子——正如从前让那些假定称职有能力的官员去制订计划模型那样。而有效市场市场理论鼓励政策制定者们去实施过度的放松管制，最终导致他们误入歧途。