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The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.
—
Economics in One Lesson
(book)
by Henry Hazlitt
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| Language: | English |
| Submitted by: | volhosis |
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