Tuesday, April 23, 2013

This appeals to the history major in me......

"The notion that economics is a science with irrefutable laws appeals to economists (who have long tried to elevate the profession out of the realm of observation and description and into the realm of science) and to the widespread human desire for certainty. But even science isn’t quite so set, as any good scientist knows. The laws of gravity may be set, until the laws of quantum mechanics throw a wrench. Our ability to measure the world increases, and our understanding of laws evolves."
-As excerpted from Zachary Karabell's essay, The "laws of economics" don't exist

Thanks Mungo (who doesn't approve)

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