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Wednesday, March 23, 2011

Quote of the Day

There has been a bit of discussion about whether or not economics is truly a science going around the economics blogs, and Tyler Cowen at Marginal Revolution makes what I think is the definitive comment on whether it is the dismal science, or just dismal:

I conclude that economics is not yet a science. Economics is more like a science when people do not care about the outcomes.

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