In a message dated 1/8/03 4:51:38 PM, [EMAIL PROTECTED] writes:
Mises said that everyone must learn economics because public policy is
set by public opinion. It's an unrealistic demand, but it might be
warranted, absent the death of democracy.
My old economics mentor at University of Colorado
Fred Foldvary a *crit :
one is a
better economist if one knows some law, history, geography, literature,
political science, and philosophy. And besides his specialty, a good
economist should know some history of thought, economic history, and
something about the various schools of
Amateurs and economics? As I recall, in the General Theory, towards the
end of the book, Keynes called for, or came close to calling for,
nationalization of business investment. If implemented, the proposal would
have quickly created an out-and-out socialist system, with disastrous
If you already know the correct answers better than the professor why are
you taking the class instead of teaching it?
JC
-Original Message-
From: [EMAIL PROTECTED] [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Thursday, January 09, 2003 7:41 AM
Subject: Re: News
--- Bryan D Caplan [EMAIL PROTECTED] wrote:
(Incidentally, 7% sounds low relative to other averages I've heard.
Burton Malkiel cites a figure of 10% real pre-tax if I recall
correctly).
Roger Clarke and Meir Statman, Winter 2000, The DJIA Crossed 652,230,
Journal of Portfolio Management, have
Hilarious! I'd already killfiled AdmrlLocke, so I hadn't read his first
message. Love your answer though.
On Thu, 9 Jan 2003, John-Charles Bradbury wrote:
If you already know the correct answers better than the professor why are
you taking the class instead of teaching it?
JC
