Saturday, March 11, 2017
On humility.................
"Economics and economic history also teach us humility: No economist in 1900 could have figured out what farmers, horse-shoers, ice deliverers, street-sweepers, and so forth would do when those jobs disappeared. The people involved did. Knowledge of our own ignorance is useful."
-Arnold Kling citing John Cochrane commenting on Russ Roberts. Start here.
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