Tuesday, December 9, 2008

Best Economic Quote Ever

There is no grand narrative, only little stories. But the need for grand narrative is so firmly ingrained in human thinking that the fruitless search for it will never end. This book is dedicated to those for whom a partial understanding of complex reality is better than the reassurance of false universal explanations. 
--John Kay, last remark in Culture and Prosperity 

BTW, Culture and Prosperity is one of the best books about economic thought I have ever read.  If I live to an old age, I will read it at least seven times.

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