Sunday , September 15 2019
Home / Cafe Hayek / Quotation of the Day…

Quotation of the Day…

Summary:
… is from page 244 of Agnar Sandmo’s 2016 article “Adam Smith and Modern Economics,” which is chapter 14 in Ryan Patrick Hanley, ed., Adam Smith: His Life, Thought, and Legacy (2016): But the mastery of techniques is not sufficient to make a good economist. He or she must also be able to develop a more intuitive grasp of the connection between the abstract models and the real economy. In this respect Adam Smith is still a good role model. Comments

Topics:
Don Boudreaux considers the following as important: , ,

This could be interesting, too:

Don Boudreaux writes Bonus Quotation of the Day…

Don Boudreaux writes Bonus Quotation of the Day…

Don Boudreaux writes Some Links

Don Boudreaux writes Some Links

… is from page 244 of Agnar Sandmo’s 2016 article “Adam Smith and Modern Economics,” which is chapter 14 in Ryan Patrick Hanley, ed., Adam Smith: His Life, Thought, and Legacy (2016):

Quotation of the Day…But the mastery of techniques is not sufficient to make a good economist. He or she must also be able to develop a more intuitive grasp of the connection between the abstract models and the real economy. In this respect Adam Smith is still a good role model.

Comments

Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

Leave a Reply

Your email address will not be published. Required fields are marked *