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Quotation of the Day…
Posted By Don Boudreaux On July 19, 2012 @ 7:36 am In Cooperation,Economics,Immigration | Comments Disabled
Economics doesn’t point to people and say, “Look what they can’t do.” Economics instead asks, “Well, what can they do?” If the answer is “something productive,” then the Law of the Comparative Advantage implies gains to trade . Economics, known for its hard-headed methods, culminates in an optimistic and humane conclusion: Regardless of their Darwinian “fitness,” the existence of people – even those well below average - makes the world a better place .
Mighty proud to be a ‘dismal scientist .’
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URL to article: http://cafehayek.com/2012/07/quotation-of-the-day-352.html
URLs in this post:
 Bryan Caplan’s EconLog post entitled “Social Darwinism vs. the Economic Way of Thinking”: http://econlog.econlib.org/archives/2012/07/social_darwinis.html
 gains to trade: http://econlog.econlib.org/archives/2006/01/where_eugenics.html
 makes the world a better place: http://econlog.econlib.org/archives/2009/09/the_expected_hu.html
 dismal scientist: http://www.econlib.org/library/Columns/LevyPeartdismal.html
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