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Quotation of the Day…

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… is from page 7 of the late economic-historian Jonathan R. T. Hughes’s classic 1977 book The Government Habit [2] (this link is to the 1991 revised edition).  Although written 35 years ago, Hughes’s observation remains as true – and as lamentable – today as ever:

There are few branches of learning as devoid of history’s light as economics.  Economists are rarely informed by it.

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