Sublime

Friedman, Benjamin (2006), The Moral Consequences of Economic Growth, Random House

Republicans have spent decades demonizing government, and they have largely won the argument. The dominant belief is that anything that can be outsourced or privatized should be. Government is bloated. The private sector is efficient.

private loans will utilize existing resources and capital far better than government loans. Government loans will waste far more capital and resources than private loans. Government loans, in short, as compared with private loans, will reduce production, not increase it.

At the end of 2017, Romer got the last laugh. He left the World Bank in defeat, went back to his position at Columbia

Le déluge keynésien, dont le monde n'a pas encore émergé, avait commencé. Les universités perdirent leur indépendance et devinrent partie intégrante de l'appareil du pouvoir étatique. La science économique cessa d'être une discipline intellectuelle centrée sur la compréhension des choix des humains pour améliorer leurs conditions de vie dans des

From the standpoint of Ely and the new generation economists, economic analysis and its application made up an inherently ethical task whose basic unit of analysis was the social whole. In this sense, their pronouncements were not socialist in a Marxist sense—that is, implying public ownership of capital and the ultimate displacement of