Quotation of the Day…

by Don Boudreaux on December 10, 2020

in Economics, Myths and Fallacies, Scientism

… is from page 12 of Russ Roberts’s splendid 2014 book, How Adam Smith Can Change Your Life:

Unfortunately, what the media and the public expect of economists is what we are probably worst at – giving precise answers to questions that presume the economy is like some giant clock or machine whose innards can be mastered and then manipulated with some degree of precision.


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