William Watson: You can’t always get what you want—so sad!

I caught part of President Donald Trump’s Tennessee speech this week on the president’s favourite channel, CNN. These days his rallies open with “Hail to the Chief” but they still close—this week’s one in Nashville did, at least—with the song he used throughout the campaign: the Rolling Stone’s 1969 classic, “You Can’t Always Get What You Want.”It might be the economics profession’s favourite song. A fellow I knew, the late Lawrence G. Hines of Dartmouth College, used it as the inscription for his elegantly written 1977 microeconomics text, The Persuasion of Price. The foundation stone of economics is that people

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