“Economists came along after the existence of the phenomena they try to understand. In other words, economists emerged in a philosophic effort to understand an already existing practice. This point has broad implications for the nature of the discipline, even though we do not usually address then in introductory courses.”

“Economists came along after the existence of the phenomena they try to understand. In other words, economists emerged in a philosophic effort to understand an already existing practice. This point has broad implications for the nature of the discipline, even though we do not usually address then in introductory courses.”

— Peter J. Boettke