Boom and Bust

"Science may announce the probability of the recurrence of a certain measurement within the system of its own observations, but to demand more than this, to demand that a science of economics should predict categorically a slump or boom in trade, is to demand what, indeed, some economists have promised, but what an economic science could never afford." -- Michael Oakeshott, Experience and Its Modes, p. 228


Popular posts from this blog

Central Planning Works!