https://issuu.com/isrf/docs/isrf_bulletin_issue_8
Axel Leijonhufvud once remarked that
the conclusions of economics and the policies it prescribes ‘offend
people’. While this phrase can be taken in the ordinary sense of
offending feelings, we can notice (what may well have been behind his
remark) that to ‘offend’ is, etymologically, to strike against and so,
by extension of meaning, to injure. Economics’ failure has not only been
one of delivery. The situation is (even) more serious than that, for
economics has become injurious to human beings, in ways that need no
spelling out.
