Friday, August 13, 2010

On the Importance of Economic Knowlege

The importance of economic knowledge to moral analysis is amply reinforced in the case of the business cycle.  Without an adequate knowledge of the causes and cures of the cycle, someone trained in moral philosophy or theology cannot be sure that he is not in fact recommending a course of action that will only exacerbate the problems he aims to solve
Thomas E. Woods, Jr. (Money and Morality: The Christian Moral Tradition and the best Monetary Regime, 2003)

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