Wednesday, May 1, 2013

Quote of the day: Beautiful

In the intellectual synthesis of of contemporary ultra-conservatism, the impulses of Protestant asceticism can thus be drawn upon to support business self-interest and the beautiful mathematical models of neo-classical economists. (p. 82.)
- Richard Hofstadter, in 1965 – yes, in 1965 -- explaining why austerity economics was discredited before most p3 readers were born, and why Paul Krugman should be allowed to sleep in an extra half-hour tomorrow.

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