- Cafe Hayek - http://cafehayek.com -
Quotation of the Day…
Posted By Don Boudreaux On January 31, 2013 @ 7:29 am In Economics,History,Trade | Comments Disabled
… is from page 453 of Deirdre McCloskey’s June 1976 article in the Journal of Economic Literature, “Does the Past Have Useful Economics? “:
Few intellectual activities are more mischievous when done poorly than economics or history. The power of fallacious economic reasoning or fallacious historical example to damage society is obvious: the pseudo-economics of mercantilism has been reducing trade and protecting vested interests for many centuries; the pseudo-history of the Aryan “race” lent dignity to German fascism. The combination of bad economics and bad history in bad economic history is pernicious.
Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2013/01/quotation-of-the-day-535.html
URLs in this post:
 Does the Past Have Useful Economics?: http://www.jstor.org/discover/10.2307/2722462?uid=3739936&uid=2134&uid=2&uid=70&uid=4&uid=3739256&sid=21101734803907
 Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2013%2F01%2Fquotation-of-the-day-535.html&Title=Quotation%20of%20the%20Day...
 Tweet: https://twitter.com/share
Copyright © 2011 CafeHayek.com. All rights reserved.