By Oswald Sobrino, J.D.; M.A. (Econ.); M.A. (Theo.); M.L. (Master of Latin), doctoral student, University of Florida.

Wednesday, November 27, 2013

A Conservative Free-Marketer Urges His Colleagues to Listen to Pope Francis

Here is the link to the article.

As someone who studied diligently to obtain his M.A. in Economics and who also taught Principles of Microeconomics, Principles of Macroeconomics, and Intermediate Microeconomics in a state university and also a graduate MBA course in economics at a Catholic university, this quote from the article rings true:

"What it turns out is that economists actually know very, very little, and that a lot of what we thought we knew turned out to be wrong."

(Actually, as a lawyer, I can make the same observation about American law--there is much less intellectual weight there than meets the eye, regardless of our august courtrooms and robed functionaries.)

(Graph in public domain)