The late Davidson economics professor Charles Ratliff was a great teacher who almost led me to a beginning understanding of economics. Although not accomplishing that objective, he left me with a love of the subject and a long-standing interest in learning more. As a part of this course, Ratliff taught us the history of economic thought. He used Paul Samuelson’s text, titled simply “Economics,” as our guide. Samuelson, like Ratliff, was a Keynesian, which meant, I think, that when a nation’s economy is struggling, it is a time for the government to pour money into the economy to stimulate activity. It was, and still is, hard for me to understand how all that works, but I am comforted by the
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