O Insurgente

Dezembro 19, 2007

“Escrito por iletrados económicos e defendido por alguns nóbel igualmente ignorantes” - I

Arquivado como: Economia, Teoria — LA @ 4:34 pm

James Buchanan:

The inverse relationship between quantity demanded and price is the core proposition in economic science, which embodies the presupposition that human choice behavior is sufficiently rational to allow predictions to be made. Just as no physicist would claim that “water runs uphill,” no self-respecting economist would claim that increases in the minimum wage increase employment. Such a claim, if seriously advanced, becomes equivalent to a denial that there is even minimal scientific content in economics, and that, in consequence, economists can do nothing but write as advocates for ideological interests. Fortunately, only a handful of economists are willing to throw over the teaching of two centuries; we have not yet become a bevy of camp-following whores.

Wall Street Journal, 25 de Abril de 1996; The Filter

PS - Publicado no dia do ano em que por cá se comemora a Liberdade…

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