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Global/Economics – Are Economists in Love with Tough Love? (Project-Syndicate)

RICARDO HAUSMANN writes:  Mark Twain purportedly said that “History never repeats itself, but it rhymes.” Typically, however, what rhymes is not the underlying historical facts but the narratives we construct around them. The stories we tell about the world repeat some basic ideas that may not necessarily be true. But we like to believe that they are because they make the world more intelligible and morally certain.

go to AProject-Syndicate: Are Economists in Love with Tough Love? by Ricardo Hausmann – Project Syndicate (project-syndicate.org)