Monday, October 09, 2006

At least economists are honest about it

"Two main lessons derived from [my experience as an economist] are:

1. Economists do not know very much

2. Other people, including the politicians who make economic policy, know even less about economics than economists do."

--Herbert Stein, "Washington Bedtime Stories", p. xi

from Arnold Kling's 1997 article There is No Labor Shortage

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