Bonus Quotation of the Day…
by Don Boudreaux
on January 16, 2021
… is from page 8 of the late, great UCLA economists Armen Alchian’s and William Allen’s Universal Economics (2018; Jerry L. Jordan, ed.); this volume is an updated version of Alchian’s and Allen’s magnificent and pioneering earlier textbook, University Economics:
We want your study of economics to be interesting and even enjoyable. But we promise one unanticipated result: you’ll be brainwashed – in the “desirable” sense of removing erroneous beliefs. You will begin to suspect that a vast majority of what people popularly believe about economic events is at least misleading and often wrong.
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