I Used to Think that Academic Economics Was a Progressive Science. I Now Think I Was Wrong...

We are live at the Economist, as issues that I thought were settled by... 1829 return to haunt us all...

John Stuart Mill warned us in 1884 that:

What was affirmed by Cicero of all things with which philosophy is conversant, may be asserted without scruple of the subject of political economy--that there is no opinion so absurd as not to have been maintained by some person of reputation. There even appears to be on this subject a peculiar tenacity of error--a perpetual principle of...