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Quotation of the Day…

… is from page 306 of the late University of Washington economist Paul Heyne‘s 1995 article in Agenda titled “Teaching Introductory Economics,” as it’s reprinted in the 2008 collection of Heyne’s writings, “Are Economists Basically Immoral?” and Other Essays on Economics, Ethics, and Religion (Geoffrey Brennan and A.M.C. Waterman, eds.):

The citizens of a democracy ought to understand how a commercial society (or a market economy) works, because such knowledge is a powerful antidote to many of the absurd policy proposals that special interests and thoughtless people press upon their governments.


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