Deirdre quoted in CNBC’s “Europe: A Political Crisis Not for Economists to Solve”
“Europe: A Political Crisis Not for Economists to Solve”
Kelly Evans. CNBC, 27 May 2012.
“To quote Deirdre McCloskey, herself an economist, modern economics “is the science of Prudence-Only, setting the other virtues [like justice, temperance, and fortitude] aside.” Prudence, in other words, is useful — but to a point. With regards to Europe’s political crisis, we have long since reached that.”
