"Of all the proponents of human agency against the constraints of geography, culture and historical experience, economists are the most incisive. They obey scientific rigor rather than mere civilizational tendencies. And while the laws of economics yield a determinism all their own, adherence to such laws and the limits they impose, Glenn Hubbard and Tim Kane suggest, will allow any state or people to avoid tragic outcomes, regardless of geographical or other limitations. “There is no German physics distinct from French physics, just as there is no Chinese economics that will make its rise fundamentally different from those of Russia and Japan,” they declare. “A large, poor country growing quickly will soon approach the productivity frontier.” "
Posted on: Sat, 10 Aug 2013 17:16:09 +0000
Trending Topics
Recently Viewed Topics
© 2015