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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label economic theory. Show all posts
Showing posts with label economic theory. Show all posts
Sunday, August 03, 2014

Phisix: PNOY’s 5th SONA: Desperately Seeking The Return of Boom Time Conditions

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I love agitation and investigation and glory in defending unpopular truth against popular error.-- James A. Garfield (1831-1881) 20th Presi...
Friday, February 01, 2013

Quote of the Day: The Combination of Bad Economics and Bad History is Pernicious.

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Few intellectual activities are more mischievous when done poorly than economics or history.  The power of fallacious economic reasoning o...
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