Sun Aug 5, 2007

Rodrik on Disagreement amongst Economists

Dani Rodrik argues that much disagreement in economics is between “first-best” economists and “second-best” economists. The former take Mark 1:14-15 as their text, and believe the Kingdom of God is at Hand: repent ye, and believe the gospel. The second believe, with Proverbs 16:18 that pride goeth before destruction, and a haughty spirit before a fall.