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Quotation of the Day…

… is from page 5 of Deirdre McCloskey’s hot-off-the-press 2022 volume, Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics (original emphases):

[M]uch of what passes for high-level evidence in economics looks like quantification, or at any rate mathematics, but doesn’t relevantly quantify or yield actual truths about how the economy works. And likewise, much of what passes for high-level theorizing in economics looks like insight into the world’s work but doesn’t yield that either.

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