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In Henry Hazlitt's Economics in One Lesson he writes: "Emotional economics have given birth to theories that calm examination cannot justify."
Posted by Peter Boettke on December 26, 2011 at 01:36 PM | Permalink
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Paul Krugman said much the same thing today:
"The real-time conversation about economics that blogging makes possible has been deeply revealing, as we see that famous economists have a remarkably hard time thinking straight about what should be simple issues..."
Invisible Backhand |
December 27, 2011 at 03:31 PM
Krugman is probably the most famous economist now ...
December 27, 2011 at 05:21 PM
The New York Times editorial staff is the perfect example of this.
Mario Rizzo |
December 27, 2011 at 11:06 PM
Thanks for letting me know about other good stuff!
January 09, 2012 at 09:24 AM
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