Quotation of the Day…

by Don Boudreaux on September 20, 2011

in Economics, Myths and Fallacies, State of Macro

… is from page 101 of Frank Knight’s exhaustive 1937 review, in the Canadian Journal of Economics and Political Science, of Keynes’s General Theory:

[M]any of Mr. Keynes’s own doctrines are, as he would proudly admit, among the notorious fallacies to combat which has been considered a main function of the teaching of economics.


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