Everyone has the Latin formula in mind:
errare humanum est, diabolicum perseverare
.
However, throughout economic history, this sound principle seems to have been largely ignored.
Indeed, the leaders have often repeated the errors of economic policy of their more or less distant predecessors and have knowingly ignored the lessons to be drawn from them.
To fully convince oneself of this, it is essential to read the latest work by Anne de Guigné, whose title -
They were so often mistaken
- is perfectly explicit on this subject.
Taking up ten particularly well-chosen examples, it actually addresses the main issues of the economy.
Each chapter relates an emblematic economic event in a pleasant, even sparkling style, while maintaining the rigor necessary for this kind of exercise.
Let us take the first problem studied, which is that of inflation.
We find ourselves in the Roman Empire at the end of the third century.
The emperor is called Diocletian and...
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