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 Economists on Aug 24th, 2007
I just received my membership renewal form from the American Economic Association. I’ve never bothered to look to closely at it, but just noticed that membership fees to the AEA are means-tested! To be a regular member, they ask:
Annual income of $47,000 or less →$64
Annual income of $47,000 to $62,000 →$77
Annual income above $62,000 →$90
I wonder why these are […]
Posted in Economists on Jul 23rd, 2007
Becoming a Federal Reserve Bank President from outside of the FED system is a bit like the Vatican naming a rabbi to become a Cardinal.
Source will be protected.
Posted in Economists on Jun 28th, 2007
The middle part of this podcast with Nassim Taleb (author of Fooled by Randomness and the Black Swan) has an interesting discussion on the distinction between what most economists are actually doing, and those of us who have respect for the Hayekian view of the world. It all mainly boils down to the traditional economists […]
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