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There is a widespread impression today that the history of economics is a sequence of revolutions and counter-revolutions, successive schools rising to dominance just to be deposed in a crisis by another school. According to this view, paraphrasing Marx, all history of economics is a history of school struggles, punctuated by revolutions.
Jürg Niehans
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Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
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