“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
F A Hayek
The Fatal Conceit
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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
Thomas Jefferson
The Colonies
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2 comments:
And here I thought that economics was about analyzing the economy to derive its fundamental features.
“The curious task of history is to demonstrate to liberal economists how little they really know about what they imagine is fundamental.”
Christopher Furlong
The Fatal Conceit
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