Mistakes Repeated Through Superstition and Prejudice

Thursday 14 July 2011

I recently picked up a copy of Lionel Robbins’s 1934 book “The Great Depression” in a used book shop in Norwich, England. It’s quite revealing: judicious in tone, full of tables and facts, clearly meant to be seen as the work of a wise observer — indeed, a Very Serious Person.

And utterly, utterly wrongheaded.