From WSJopinion: There are no liberal and conservative physics, no right- or left-wing chemistry, but economists do line up politically, writes Joseph Epstein
Given the scuttlebutt about a possible recession, over the next few weeks we are likely to hear from a good many economists. With the trained verbosity of experts and the unshakable confidence that seems to be part of their training, they will tell us not to worry, or to worry, or that it is too early to know whether or not to worry. None of this is likely to give much comfort.
Thomas Carlyle called economics the “dismal science,” a point reinforced for him when reading the dire prediction of Thomas Malthus that the production...
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