Economics by Innuendo and Error

David Morse’s “A Quaker Response to Economic Globalization” (FJ May) exhibits many errors in economics. He is correct to sympathize with those in need, but we must always strive to act in light of actual circumstances to offer real, long‐term solutions. Otherwise, we risk making the problems worse. Kenneth Boulding is alleged to have said, “It isn’t that Quakers don’t know economics; it is that the economics they know is wrong.” It often consists of making sly remarks about the economy, emphasizing a particular slant with which the reading audience is presumed to agree. It is🔒

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Jack Powelson is professor of Economics, emeritus, at University of Colorado. He has written extensively on issues of poverty and economic development. He is a member of Boulder (Colo.) Meeting, and he edits The Quaker Economist (http://qlc.quaker.org).

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