Quotation of the Day…

(Don Boudreaux)

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… is from page 117 of Kenneth Boulding’s December 1968 presidential address – titled “Economics as a Moral Science” – to the American Economic Association as this address appears in Boulding’s 1970 collection, Economics As A Science:

Adam Smith, who has strong claim to being both the Adam and the smith of systematic economics, was a professor of moral philosophy, and it was at that forge that economics was made.