Quotation of the Day…

by Don Boudreaux on September 28, 2011

in Scientism, State of Macro

… is from page 3 of Steve Horwitz’s 2000 book Microfoundations and Macroeconomics: An Austrian Perspective:

The problem with mainstream macroeconomics is that its notions of time and money are so abstract and unrealistic as to prevent serious consideration of how the markets for each actually behave.


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