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(See the complete passage discussion here: lsat/viewtopic.php?t=14161)
The correct answer choice is (C)
This is a relatively simple question asked in a rather convoluted way. Simply put, we need to explain
how the Pin Factory model was eventually propelled into the mainstream of economic thought, i.e.
why it can no longer be regarded as an “underground river.” Specific Reference questions frequently
rely on your understanding of the broader context in which the quoted reference appears, and benefit
immensely from a prephrase. Here, the answer can be found in the last sentence of the passage (lines
Answer choice (A): The fact that economics has always been a discipline of scientific aspirations
only explains why the Invisible Hand dominated economic theory for almost two centuries, not why
the Pin Factory was ultimately accepted as well.
Answer choice (B): There is no reason to believe that David Warsh’s own analysis helped propel the
Pin Factory model into the mainstream.
Answer choice (C): This is the correct answer choice. The reason why the Pin Factory model was
finally accepted into the mainstream of economic thought is that economists were finally able to
describe it “with the rigor needed to make it respectable” (lines 57-59).
Answer choice (D): This claim is entirely out of context. The tendency of some industries toward
monopoly only explains why the Pin Factory and the Invisible Hand models are founded upon
Answer choice (E): There is no indication that the standards used to assess economic models have