The history of economics in one sentence
To date, economics has been two parts wonder drug and one part snake oil.
That's from Dani Rodrik's new book, "The Globalization Paradox." The hard bit, he says, is telling which parts are the wonder drug and which parts are the snake oil.
Posted by: bdballard | January 20, 2011 10:26 AM | Report abuse
Posted by: rmgregory | January 20, 2011 11:05 AM | Report abuse