He Said That? 3/13/17

From Robert Higgs (born 1944), American economic historian and economist combining material from Public Choice, the New Institutional economics, and the Austrian school of economics; and a libertarian anarchist in political and legal theory and public policy.

STRAIGHT LINE LOGIC

From Robert Higgs (born 1944), American economic historian and economist combining material from Public Choice, the New Institutional economics, and the Austrian school of economics; and a libertarian anarchist in political and legal theory and public policy.

In the natural sciences, some checks exist on the prolonged acceptance of nutty ideas, which do not hold up well under experimental and observational tests and cannot readily be shown to give rise to useful working technologies. But in economics and the other social studies, nutty ideas may hang around for centuries. Today, leading presidential candidates and tens of millions of voters in the USA embrace ideas that might have been drawn from a 17th-century book on the theory and practice of mercantilism, and multitudes of politicians and ordinary people espouse notions that Adam Smith, David Ricardo, and others exploded more than two centuries ago. In these realms, nearly everyone simply believes whatever he…

View original post 4 more words

Advertisements

Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s