Tuesday, 10 September 2013

Economics quote of the day...


From the late Ronald Coase (via The Enlightened Economist):

“The problem is that economists seem willing to give advice on questions about which we know very little and on which our judgements are likely to be fallible, while what we have to say that is important and true is quite simple – so simple that little or no economics is required to understand it.” 

Ah, that macroeconomics again!


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