In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability

“Ideas in which economists have reposed the greatest confidence have been proved wrong and therewith, not surprisingly, the responding policy. And this has happened under circumstances which admit of no really plausible explanation, rationalization, or alibi—things in which we economists are more than minimally accomplished. There was, to be sure, more than a suspicion of […]

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability


Categories: Economic History

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