March 8, 2011

Why all the Economics Fallacies?

An insight published in 1946 that holds true today:

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in say, physics, mathematics or medicine -- the special pleading of selfish interests.

Source: Economics in One Lesson by Henry Hazlitt


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