“In our days, certain sentimentalist schools reject as false all social science that does not go the length of establishing a system by means of which suffering may be banished from the world. They pass a severe judgment on Political Economy because it admits what it is impossible to deny, the existence of suffering. They go farther—they make Political Economy responsible for it. It is as if they were to attribute the frailty of our organs to the physician who makes them the object of his study.”
— Frederic Bastiat, Harmonies of Political Economy
1 response so far ↓
caveat bettor // September 25, 2007 at 10:53 am |
I just created a global warming prediction market here:
http://globalwarming.inklingmarkets.com/
Please sign up and trade ($5,000 of play money). Let’s hope we can get a real market up and running, and better inform our policy on global warming.