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In the past decade, the theoretical and empirical arguments of French economist Thomas Piketty have attracted widespread attention.
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“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
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“There is simply no necessary relationship between cost and price.” ~Michael Munger
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“Humans do not obtain god-like knowledge, wisdom, or goodness by acting politically.” ~Donald J. Boudreaux
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“Economists often get lost in abstractions…By coming to terms with himself, Glenn Loury gains a deeper understanding of the challenges and opportunities facing the same communities in which he was raised.” ~Michael N. Peterson
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“When dealing with public policies, however, we should remember that using just one diagram may still be misleading. More than one incentive story or relationship is usually in play.” ~Gary M. Galles
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“The conversational tone is excellent for the wide audience he intends — those skeptical of economists and economics — and it’s easy enough to follow along his clear prose even for those without prior training in our arcane arts. ” ~Joakim Book
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“The conversational tone is excellent for the wide audience he intends — those skeptical of economists and economics — and it’s easy enough to follow along his clear prose even for those without prior training in our arcane arts. ” ~Joakim Book
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“Facing price controls, taxes and tariffs on food in Cuba, and it shouldn’t be surprising that food markets are increasingly becoming distorted, shortages are frequent, and people remain impoverished.” ~Byron B. Carson, III
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“The labor theory of value is wrong. Just because you worked hard at something doesn’t mean you have produced anything worthwhile.” ~Art Carden
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“The idea of ‘line up!’ is deeply ingrained in most of us, to the point where we are angry if someone ‘cuts’ in line ahead or, for that matter, behind us.” ~Michael Munger
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“Frédéric Bastiat famously warned against economic sophisms, the facile myths around free trade and economic policy… Alas, Batya Ungar-Sargon is not even a bad economist.” ~Nikolai Wenzel