by Henry Oliner | Jun 29, 2017 | Economics
Adam Smith’s Wealth of Nations with its often misunderstood ‘invisible hand’ was preceded by The Theory of Moral Sentiments, a work many consider more important and should be considered an integral part of Wealth of Nations. This Quotation of the Day from Don Boudreax...
by Henry Oliner | Jan 15, 2017 | Politics, Progressivism
from Don Boudreaux at Cafe Hayek (highly recommended) , a quote from Robert Higgs: Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitioners’ obsession with mathematical, general-equilibrium...
by Henry Oliner | Oct 13, 2016 | Economics
Don Boudreaux at Cafe Hayek quotes from Deirdre McCloskey’s outstanding Bourgeois Equality in his Bonus Quotation of the Day: Members of the left clerisy, such as Tony Judt or Paul Krugman or Thomas Piketty, who are quite sure that they themselves are taking the...
by Henry Oliner | Oct 8, 2016 | Economics, Politics, Progressivism
from Don Boudreux at Cafe Hayek Saviors Need Victims Who Need Saving Saviors need victims who need saving. And if such victims are not real and readily available, the saviors conjure them up by convincing themselves that this or that group of people are helpless...
by Henry Oliner | Sep 20, 2016 | Economics
Don Boudreaux at his excellent Cafe Hayek in his Quotation of the Day, finds an excerpt from Armen Alchian from a textbook, University Economics in 1972. This excerpt points out several economic fallacies, many of which are still common today, and it points out that...
