Political Fallacies Quotes & Sayings
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Top Political Fallacies Quotes

Economics is primarily useful, both to the student and to the
political leader, as a prophylactic against popular fallacies. — Henry Calvert Simons

Is humanity ready to look upon the roots of religion as it has looked into its political and scientific roots? Are people ready to strip away the fallacies like they have with humours for bacteria, virus, et cetera?
Can spirituality be given a chance to lie bare and naked, proudly strutting its stuff publicly? These are the questions that will render the verdict of whether one hears the call of the child (truth) and proclaim its message to the religious royalty, or whether humanity will cling to its "infallible" yet invisible messengers as if they currently cling to us as clothing. — Leviak B. Kelly

In essence, then, the common picture of economic thought after Smith needs to be reversed. In the conventional view, Adam Smith, the towering founder, by his theoretical genius and by the sheer weight of his knowledge of institutional facts, single-handedly created the discipline of political economy as well as the public policy of the free market, and did so out of a jumble of mercantilist fallacies and earlier absurd scholastic notions of a 'just price'. The real story is almost the opposite. Before Smith, centuries of scholastic analysis had developed an excellent value theory and monetary theory, along with corresponding free market and hard-money conclusions. Originally embedded among the scholastics in a systematic framework of property rights and contract law based on natural law theory, economic theory — Anonymous