Richard Ely in 1887 on what happens to economists that stray fom the straight and narrow:
"Any deviation from the straight and narrow path laid down by them ["orthodox" economists] was deeply damned. Was there not, indeed, that never-failing refuge of incompetence and malignity, the epithet "socialism," ready to hurl at all offenders?"
Noted for June 18, 2013
4 hours ago