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Bonus Quotation of the Day…

… is from page 152 of my colleague Peter Boettke’s April 2017 talk “Don’t Be a ‘Jibbering idiot’: Economic Principles and the Properly Trained Economist,” as this essay appears as Chapter 8 of Pete’s excellent 2021 book, The Struggle for a Better World:

Fancy techniques are fine, and sophisticated tools are important, but not if they are acquired at the expense of basic principles. In that case, they are likely little more than activity without accomplishment, something that any serious and self-respecting economic scientist should avoid.