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- W4360618088 abstract "Extract What were the greatest inventions of all time—not counting fire, the wheel, and sliced bread? The printing press has to be near the top of anyone’s list because it allowed ideas and inventions to be spread widely, debated, and improved. Electricity, internal combustion engines, telephones, vaccinations, and anesthesias are also worthy candidates. These are just the very, very top of a very, very long list. Look around you, at your computer, eyeglasses, refrigerator, plumbing, and all of the other everyday things we take for granted. Where would we be without science—living short brutish lives in caves? I exaggerate, but not much, and only to make the point that science and scientists have enriched our lives beyond measure. I include economists, psychologists, and other “softer” scientists in this group. During the Great Depression in the 1930s, governments everywhere had so little understanding of the economy that their policies were utterly counterproductive. When Franklin Roosevelt campaigned for U.S. President in 1932, he promised to reduce government spending by 25 percent. One of the most respected financial leaders, Bernard Baruch, advised Roosevelt to “Cut government spending—cut it as rations are cut in a siege. Tax—tax everybody for everything.” The Federal Reserve let the money supply fall by a third and Congress started a trade war that caused exports and imports to fall by more than 50 percent." @default.
- W4360618088 created "2023-03-24" @default.
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- W4360618088 date "2023-03-23" @default.
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- W4360618088 title "Introduction" @default.
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- W4360618088 doi "https://doi.org/10.1093/oso/9780192868459.003.0001" @default.
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