Monday, July 02, 2007

Francis Bacon on Philosophers

He wrote:
Philosophers make imaginary laws for imaginary commonwealths, and their
discourses are as the stars, which give little light because they are so high.

Would the same be true for economists? The "imaginary laws" phrase is what struck me particularly. I've learned it's increasingly important to keep our heads on the ground and not lose touch with reality.

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