“The modern history of economic theory is a tale of evasions of reality.” RealityEconomicModernTheoryTalesEvasionEconomic TheoryModern History Author:Thomas Balogh, Baron Balogh
“Some people would believe anything, especially if it eliminates awkward social and political problems.” PeopleIfsBelieveProblemPoliticalPoliticsSocialAwkward Author:Thomas Balogh, Baron Balogh
“The purpose of economic theory is to make those who are comfortable FEEL comfortable.” FeelsPurposeEconomicTheoryComfortableEconomic Theory Author:Thomas Balogh, Baron Balogh