The goal of macroeconomic policy should be to stabilize the economy, not to fine-tune it.
宏观经济政策的目标应该是稳定经济,而不是微调经济。
The concept of purpose has no place in a scientific account of behavior.
当现有约束被改变,允许企业家从事新的生产活动形式时,经济增长就会发生。
制度的重要性有时比我们承认的要大。