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Quotation of the Day…

Posted By Don Boudreaux On May 22, 2013 @ 1:23 pm In Economics | Comments Disabled

… is from page three of the original edition of Henry Hazlitt’s classic – and still very relevant – 1946 volume, Economics in One Lesson [1]; indeed, the lines below form the book’s opening passage:

Economics is haunted by more fallacies than any other study known to man.  This is no accident.  The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine – the special pleading of selfish interests.

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[1] Economics in One Lesson: http://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232/ref=la_B000AP5TAQ_1_1?ie=UTF8&qid=1369243361&sr=1-1

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