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Quotation of the Day…

… is from page 127 of Morgan Reynolds’s 1986 paper “On the Economics of the Colour Bar,” which appears as the final chapter of W.H. Hutt: An Economist for the Long Run (Morgan O. Reynolds, ed., 1986):

Much of the [economics] profession, in any era, is busy creating and propagating error. We have no better example of this than Hutt’s great antagonist, John Maynard Keynes, whose clever yet superficial output was destructive in scientific terms and in its impact on public policy.