Facts don’t matter, emotions do

Frank H. Knight (1885 – 1972), Univ of Chicago economist, taught economics to Nobel laureates Milton Friedman, George Stigler and James M. Buchanan. Knight said:

“The serious fact is that the bulk of the really important things that economics has to teach are things that people would see for themselves if they were willing to see. And it is hard to believe in the utility of trying to teach what men refuse to learn or even seriously listen to.”

Author: Atanu Dey

Economist.

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