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Quotation of the Day…

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… is from pages 87-88 of University of Notre Dame philosopher James Otteson’s excellent and hot-off-the-Cambridge-University-Press book, Seven Deadly Economic Sins (2021): An objective look at the limitation of our knowledge – how difficult is it to know whether we are making good decisions even in our own lives, let alone in those of anyone else? – reveals that in fact we are typically in no position to judge what is good for others. We do not possess the detailed, personal, contextualized, historical information that is required to know what constitute good choices for others…. DBx: Yes. Are you listening Joe Biden? Do you hear and understand Nancy Pelosi? Can you grasp this foundational truth Marco Rubio and Chuck Schumer and E.J. Dionne and Oren Cass and Paul Krugman? Where is

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Don Boudreaux writes Quotation of the Day…

Don Boudreaux writes Quotation of the Day…

… is from pages 87-88 of University of Notre Dame philosopher James Otteson’s excellent and hot-off-the-Cambridge-University-Press book, Seven Deadly Economic Sins (2021):

Quotation of the Day…An objective look at the limitation of our knowledge – how difficult is it to know whether we are making good decisions even in our own lives, let alone in those of anyone else? – reveals that in fact we are typically in no position to judge what is good for others. We do not possess the detailed, personal, contextualized, historical information that is required to know what constitute good choices for others….

DBx: Yes.

Are you listening Joe Biden? Do you hear and understand Nancy Pelosi? Can you grasp this foundational truth Marco Rubio and Chuck Schumer and E.J. Dionne and Oren Cass and Paul Krugman? Where is your humility in the face of the enormity of social and economic complexity? Why are you so confident in your proposed schemes for human betterment?

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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.

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