Christopher Coyne points out why economics is crucial to foreign intervention. Many experts perceive the problems in the social order and their vision is a preferable state of affairs to solve them; however, the solution presented turns out to be worse than the actual problem. Coyne highlights the power of economics because it focuses on constraints and incentives. Coyne argues that the fatal conceit can be applied to foreign interventions that can go beyond the limits of what can be rationally constructed through human reason, stating that the ignorance in human limits turn to be the fatal conceit.
Christopher Coyne is the F.A. Harper Professor of Economics at the…
Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.
Universidad Francisco Marroquín