Quotation of the Day…

by Don Boudreaux on June 21, 2019

in Hubris and humility, Myths and Fallacies, Reality Is Not Optional

… is from this June 18th Facebook post by Vincent Geloso:

If your model requires better human beings than those available, feel free to contact JK Rowling for writing tips. Better people are not an option in economic research!

DBx: While no one would dispute Vincent’s point as it is stated, this point cannot too often be repeated. The reality is that a shockingly large number of people ignore this reality when discussing policy and politics, whether informally with friends over coffee, or formally when constructing models of how this or that intervention might possibly move human society closer to paradise.


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