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Posted at 9:47 AM ET, 01/20/2011

The history of economics in one sentence

By Ezra Klein

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.

By Ezra Klein  | January 20, 2011; 9:47 AM ET
Categories:  Economics  
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Comments

Isn't the same true of this "blogging" thing, perhaps with different proportions?

Posted by: bdballard | January 20, 2011 10:26 AM | Report abuse

Those three sentences just sold me a copy of the book!

Posted by: rmgregory | January 20, 2011 11:05 AM | Report abuse

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