… taken from page 23 of the late Paul Hayne’s beautiful 2000 monograph; Student’s Guide to Economics (emphasis in original)
[Thomas] Sowell used a quote by Walter Lippmann as an epigraph. Knowledge and decisions“Man is not an Aristotelian god who contemplates existence from a single point of view. Who can disagree? And a lot do I regularly and consistently disagree with those who present analyzes of social problems and propose solutions to these problems that they think we are, or deserve to be, Aristotelian gods. They greatly underestimate the amount of detail that goes into providing food and shelter to city dwellers. To ensure enough but more doctors, plumbers, poets and airline pilots, to make electricity and telephone service available to everyone; To preserve the processes of discovery that provide new and important answers to the problems of old comfort, disease and danger.
DBXIndustrial policy makers fancy themselves Aristotelian gods.
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