Economy

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“Thirty years ago, a course in the history of economic thought was required in all graduate economics curricula.  Today such a course is usually not even available as an elective.  This is perhaps a measure of the (over) confidence economists have in the existing paradigm.  Consequently, the several changes in pre-analytic vision in the history of economic thought are unknown to students and to many of their professors.”

- From ‘Ecological Economics’ by Herman E. Daly and Joshua Farley

“Our most conspicuous economists, in America at least, cultivate the types of theory which admit nothing beyond a formal contact with psy- chology … But such theorists will find the scientific significance of their work rated lower in proportion as the common-sense concept of human nature becomes modified by evolutionary ideas.”

-Wesley C. Mitchell in 1910

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