History
The nirvana fallacy was given its name by economist Harold Demsetz in 1969, who said:
The view that now pervades much public policy economics implicitly presents the relevant choice as between an ideal norm and an existing 'imperfect' institutional arrangement. This nirvana approach differs considerably from a comparative institution approach in which the relevant choice is between alternative real institutional arrangements.
A related quotation from Voltaire is:
- Le mieux est l'ennemi du bien
often translated as:
- The perfect is the enemy of the good
though it is better rendered as:
- Leave well alone or Leave well enough alone
from "La Bégueule" (1772).
Read more about this topic: Nirvana Fallacy
Famous quotes containing the word history:
“The history of our era is the nauseating and repulsive history of the crucifixion of the procreative body for the glorification of the spirit.”
—D.H. (David Herbert)
“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“I think that Richard Nixon will go down in history as a true folk hero, who struck a vital blow to the whole diseased concept of the revered image and gave the American virtue of irreverence and skepticism back to the people.”
—William Burroughs (b. 1914)