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Such imaginary constructs are of course what scientists refer to as “models,” and there’s nothing intrinsically wrong with them. Actually I think a fair case can be made that we cannot think without them. The problem with such models — at least, it always seems to happen when we model something called “the market” — is that, once created, we have a tendency to treat them as objective realities, or even fall down before them and start worshiping them as gods. “We must obey the dictates of the market!”