“The alchemy of this book’s title is the science of knowing what economists are wrong about. **The trick to being an alchemist lies not in understanding universal laws, but in spotting the many instances where those laws do not apply**. It lies not in narrow logic, but in the equally important skill of knowing when and how to abandon it. This is why alchemy is more valuable today than ever.” --- **Tags** -- [[quotes]], [[economics]], [[mental-models]] , [[alchemy]] , [[making-decisions]] **Source** -- [[202407221554 - B - Alchemy]]