Quote of the Day

“How the discipline of economics fares in revealing previously unrecognized social relations depends on the competition of disciplines in terms of both subject matter and techniques, as Coase has noted. I expect economics to fare well in this competition, but in the end to reveal, describe, and explain no more than an island in man’s behavior.”

-G. Warren Nutter 1979, p. 268.

cited in How to Buy, Sell, Make, Manage, Invent, Produce, Transact, Consume, Marry with Words by Deirdre McCloskey