A Quote by Henry Calvert Simons
Economics is primarily useful, both to the student and to the
political leader, as a prophylactic against popular fallacies.
Related Quotes
At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained by someone is lost by someone else. But transactions would not continue unless both sides gained, whether in international trade, employment, or renting an apartment.
The capitalist can only make a whole people go to war . . . by capturing the popular will. The only prophylactic against that situation is to make the public aware of the way in which it is being misled.
The adjective "political" in "political philosophy" designates not so much the subject matter as a manner of treatment; from this point of view, I say, "political philosophy" means primarily not the philosophic study of politics, but the political, or popular, treatment of philosophy, or the political introduction to philosophy the attempt to lead qualified citizens, or rather their qualified sons, from the political life to the philosophic life.
I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
Economics is haunted by more fallacies than any other study known to man
As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.
Science fiction is the sovereign prophylactic against future shock.
A leader has to be a role model both in both political and personal life, so from the beginning, I was cautious about my image and I wanted to be incorruptible like my father.
The slogan 'Never Again!' that emerged after the Holocaust implies that the Holocaust has a universal moral meaning, which, if properly learned, can provide at least a theoretical prophylactic against its repetition against anyone.
Illusions as bad as mine make people aware of the fallacies of visual information and the pleasure to be derived from such fallacies.
A political leader who desires to be useful to the revolutionary proletariat must be able to distinguish concrete cases of compromises that are inexcusable and are an expression of opportunism and treachery.
Fallacies do not cease to be fallacies because they become fashions.
The popular notion that an increase in the stock of money is socially and economically beneficial and desirable is one of the great fallacies of our time.
Useful as a war against France, undertaken by the Government against the will of the people would be for our revolutionary development, just so dangerous must be the effect upon our democratic development of a war supported by blind popular enthusiasm.
The Congress leadership always denied responsibilities to me both within the government and within the party organisation... They would always tell me my image as a Hindu leader was a constraint on my capacity as a political leader.
Ho Chi Minh sought to defeat both adversaries [French and American] primarily by using diplomatic and political means, combined with paramilitary activities.
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