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Quotation of the Day…
Posted By Don Boudreaux On October 20, 2012 @ 8:04 am In Economics,Hubris and humility | Comments Disabled
… is from page 119 of Deirdre McCloskey’s indispensable 1994 volume on scientific method and the nature of economic inquiry, Knowledge and Persuasion in Economics :
Much economic jargon, though, hides a five-cent thought in a five-dollar word.
Indeed. And good economists are not mislead into accepting an insight simply because it is elaborately clothed.
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