Economists get very uncomfortable when you talk about virtue...

Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.

Charlie Munger Quote About Numbers, Vices, Arguing: Economists Get Very Uncomfortable When...

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