Quotation of the Day…

by Don Boudreaux on November 22, 2017

in Economics

… is from page 109 of the 2016 Mercatus Center re-issue of my late colleague Don Lavoie’s excellent 1985 volume National Economic Planning: What Is Left?:

What is properly involved in economics is the building of a conceptual framework for historical interpretation capable of making certain kinds of outcomes understandable in terms of the purposes that led to them.

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