Friday, October 7, 2011

The Seduction of Science in the Service of Power: An Essay on the State of Economics



"Tyranny is always better organized than freedom."

Charles Peguy
This essay by John Kay excerpted below is a very nice summary of the problem we have in modern economics. It is a bit dry to the layman, but it touches on the distortions that crept in to economic thought and their intellectual sources and in particular the operational rather than political means.

I do not think it was

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