“In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to minus or from minus to plus or the price and quantity of x or y, the direction of historical movement can be reversed.” WorldWayBelieveRunningMovementHistoricalAbstractPlusQuantityEconomistEquationsVariablesMinus Book:The Political Economy of International Relations Source: The Political Economy of International Relations
“Liberal economists conceive of societies as black boxes connected by exchange rates; as long as exchange rates are correct, what goes on inside the black box is regarded as not very important.” LongImportantBlackGoes OnRateBoxesConnectedEconomistBlack Boxes Author:Robert Gilpin
