Source: Foundation for Economic Education
by Mani Basharzad
“As Peter Boettke argues, in a world where all means and ends are known, the only task left is an engineering one. That is, essentially, what students learn in Econ 101—a world of perfect knowledge, known preferences, known prices and calculable costs, where solving equations yields all the answers. But the real wisdom of economics lies in understanding deviations from this perfection.” (11/11/25)
https://fee.org/articles/adam-smith-vs-the-engineers-of-utopia/