"Some of the most serious fallacies of traditional……" — Sir John Richard Hicks

Some of the most serious fallacies of traditional economics have been due… - Sir John Richard Hicks
"Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influence of Dr. Pangloss upon the development of economic thought is for the most part nothing but pure intellectual error."

Sir John Richard Hicks

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