Economic Lunacy, by Walter E. Williams, 7 Sep 2005
"Bastiat ... said ... 'the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.' ... economists Chan and Woodward ... can't see ... what those resources would have been used for had there not been hurricane destruction"
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Articles
Why Be An Economist? To Be Happy, That's Why, by Walter Block, Mises.org Daily Article, 21 Dec 2006
"My advice to my very best students ... is to major in economics, ... and then go off and get a Ph.D. in economics. ... Why do I give this advice? The better to promote liberty, of course. I am motivated by the fact that Austro-libertarianism is a rare and precious flower, yet is crucially important to the prosperity and even survival of the entire human race."
"My advice to my very best students ... is to major in economics, ... and then go off and get a Ph.D. in economics. ... Why do I give this advice? The better to promote liberty, of course. I am motivated by the fact that Austro-libertarianism is a rare and precious flower, yet is crucially important to the prosperity and even survival of the entire human race."
Why Intellectuals Still Support Socialism, by Peter Klein, Mises.org Daily Article, 15 Nov 2006
Related Topic: World War II
"... economists are not traditionally popular as policy advisors. Economics teaches that resources are limited, that choices made imply opportunities forgone, that our actions can have unintended consequences. This is typically not what government officials want to hear."
Related Topic: World War II
"... economists are not traditionally popular as policy advisors. Economics teaches that resources are limited, that choices made imply opportunities forgone, that our actions can have unintended consequences. This is typically not what government officials want to hear."
The Death Wish of the Anarcho-Communists, by Murray N. Rothbard, The Libertarian Forum, 1 Jan 1970
Related Topics: Communism, Achievement, Private Property, Spain, The State
"It is no accident that it was precisely the economists in the Communist countries who led the rush away from communism, socialism, and central planning, and toward free markets. It is no crime to be ignorant of economics ... But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."
Related Topics: Communism, Achievement, Private Property, Spain, The State
"It is no accident that it was precisely the economists in the Communist countries who led the rush away from communism, socialism, and central planning, and toward free markets. It is no crime to be ignorant of economics ... But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."
The Myth of the Rational Voter, by Bryan Caplan, Cato Unbound, 6 Nov 2006
Related Topics: Voting, Democracy, Logic, Psychology
"When experts ... address a broader audience ... they need to ... clearly explain why the experts are right and the public is wrong. Thus, when economists get the public's ear, they should not bore them with the details of national income statistics ... They should challenge the public's misconceptions about markets, foreigners, saving labor, and progress."
Related Topics: Voting, Democracy, Logic, Psychology
"When experts ... address a broader audience ... they need to ... clearly explain why the experts are right and the public is wrong. Thus, when economists get the public's ear, they should not bore them with the details of national income statistics ... They should challenge the public's misconceptions about markets, foreigners, saving labor, and progress."
Books
What Do Economists Contribute?
by Daniel B. Klein (Editor), Cato Institute, 1999
by Daniel B. Klein (Editor), Cato Institute, 1999
- ISBN 0814747221: Hardcover, NYU Press, 1999
- ISBN 081474723X: Paperback, NYU Press, 1999