Quote by Henry Hazlitt

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in , say, physics, mathematics, or medicine -- the special pleading of selfish interests.

Economics is haunted by more fallacies than any other study

Summary

This quote by economist Henry Hazlitt suggests that economics is plagued by numerous misconceptions or false beliefs more than any other field of study. Hazlitt argues that this is not a coincidence, but a result of the inherent challenges involved in studying economics. Additionally, he claims that these difficulties are further exacerbated by the influence of biased and self-interested individuals who try to distort economic analysis to their advantage. Compared to physics, mathematics, or medicine, economics is uniquely susceptible to these special interests and their attempts to manipulate the discipline.

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By Henry Hazlitt

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