Specialization and Trade Quotes

“What we should be comparing is not the existing market configuration with an ideal based on a simple model but the market process of error correction with the political process of error correction.”
― Arnold Kling, Specialization and Trade: A Re-introduction to Economics

“I think that both camps are guilty of underestimating the challenge of arriving at economic understanding. Those economists who claim the mantle of science are guilty of hubris. Noneconomists who think that their own intuition is superior to economic reasoning are dangerously misguided.”
― Arnold Kling, Specialization and Trade: A Re-introduction to Economics