More from the History of Economic Thought: John Stuart Mill Contra Say's Law, 1844
Macroeconomics: Against the Sufficiency of Inflation Targeting

Macroeconomics: Plus ca Change, Plus ca Meme Chose...

Sound familiar? John Stuart Mill

John Stuart Mill (1944), "Review of Thomas Tooke, 'An Inquiry into the Currency Principle' and Robert Torrens, 'An Inquiry into the Practical Working of the Proposed Arrangements for the Renewal of the Charter of the Bank of England, and the Regulation of the Currency," Westminster Review 41 (June), 579-98: What was affirmed by Cicero of all things with which philosophy is conversant, may be asserted without scruple of the subject of [macroeconomics]--that there is no opinion so absurd as not to have been maintained by some person of reputation. There even appears to be on this subject a peculiar tenacity of error--a perpetual principle of resuscitation in slain absurdity...

John Quiggin needs to grab this and use it on the back cover for his Zombie Economics...

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