Quote of the Day: Modern Economics

—By

| Mon Jan. 4, 2010 7:48 PM PST

From Daniel Davies, on the purpose of the economics profession:

The production of more or less mendacious intellectual smokescreens for policies which favour the interests of rich and powerful men isn’t a sort of industrial pollution from the modern economics profession — it’s the product.

Yeah, pretty much. With a few honorable exceptions, of course.

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