Posts in Economics
Wish I'd said that - December 9, 2020

“In their political arrangements, men have no right to put the well-being of the present generation wholly out of the question. Perhaps the only moral trust with any certainty in our hands is the care of our own time. With regard to futurity, we are to treat it like a ward. We are not so to attempt an improvement of his fortune as to put the capital of his estate at risk.”

Edmund Burke An Appeal from the New to the Old Whigs

Wish I'd said that - December 7, 2020

“it is not probable that a man who is careless in small matters is careful in large ones; quite the contrary, a man who cannot even copy a sentence of Keynes’s correctly is not likely to be a reliable reporter of complicated or badly expressed ideas.”

George Stigler "On Scientific Writing” in The Intellectual and the Market Place and Other Essays [in support of a proposal that someone undertake a large-scale random verification of statements of empirical fact and of quotations from other writers in published economic articles]

Wish I'd said that - December 2, 2020

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.”

Adam Smith, The Wealth of Nations

Wish I'd said that - November 28, 2020

He had not “acquired that command over his understanding which would enable him to believe what he wished without evidence”.

Thomas Robert Malthus, quoted by Antony Flew, ed., in the introduction to An Essay on the Principle of Population and A Summary view of the Principle of Population