Quotation of the Day…

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… is from page 220 of the 2021 35th anniversary edition of Steven Rhoads’s superb 1985 book, The Economist’s View of the World: And the Quest for Well-Being [footnotes deleted]:

One of the most pernicious effects of the modern project to make economics more “scientific” is the accompanying tendency to ridicule all beliefs that are “empty of empirically verifiable content.” The older economists knew that good economics, like good politics, can settle for less certainty than that.