Thanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been.? And because of our efforts, we have earned our salaries ten-thousand fold.
Milton FriedmanAbout author
- Author's profession: Economist
- Nationality: american
- Born: July 31, 1912
- Died: November 16, 2006
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Men follow their sentiments and their self-interest, but it pleases them to imagine that they follow reason. And so they look for, and always find, some theory which, a posteriori, makes their actions appear to be logical. If that theory could be demolished scientifically, the only result would be that another theory would be substituted for the first one, and for the same purpose.
Vilfredo Pareto