Source: Law & Liberty
by Dominic Pino
“Economics is about the unseen, in Frederic Bastiat’s famous framing. The unseen includes concepts such as opportunity cost and unintended consequences, and that’s the dimension in which economics adds value. Journalists specialize in seeing things. Their job is to report, to observe, to notice. When they do that well, they add value. Because their professional training does not lend itself to grasping the unseen, they rarely do economics well.” (09/03/24)
https://lawliberty.org/book-review/understanding-the-unseen/