?

Log in

No account? Create an account

Previous Entry | Next Entry

Quotation for Today

Quotation of the Day…

… is from James Buchanan‘s 1987 essay “Keynesian Follies,” reprinted in Vol. 1 of James Buchanan's Collected Works (pp. 164-178):
Folly is defined as (1) lack of good sense or of normal prudence, (2) inability or refusal to accept existing reality or to foresee inevitable consequences. Both of these definitions convey something of the policy stance that I associate with the term Keynesian.




Latest Month

November 2017
S M T W T F S
   1234
567891011
12131415161718
19202122232425
2627282930  

Tags

Powered by LiveJournal.com
Designed by Tiffany Chow