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
Posted in Inequality on Oct 19th, 2005
Now, it would be great to look at mobility, control for immigration, look at benefits, etc. But, according to these US Census figures, it appears that while the percentage of American households in poverty has fallen substantially since 1970 (it has creeped up since September 11th), the percentage of American households that are doing well [...]
Posted in Uncategorized on Oct 10th, 2005
“for having enhanced our understanding of conflict and cooperation through game-theory analysis.” I know much more about Schelling than I do Aumann, so my comments are largely based on this limited understanding. I think the committee did an excellent job this year – signaling to all economists and non-economists alike that expositing a complicated mathematical [...]
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)