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 Classical Liberalism, Economic Illiteracy, Property Rights, Public Choice on Jan 1st, 2008
May the statists, stasists, technocrats, planners, idealists of all stripes consider the following during 2008 and beyond.
I will bear the burden of proof. Before advocating to grant a favored group or individual special privileges, or before imposing taxes and regulations on individuals or unfavored groups, I will recognize that the natural state of humans is […]
Posted in History, Politics, Public Choice on Aug 2nd, 2007
Here’s more from Keynes:
It is the method of modern statesman to talk as much folly as the public demand and to practise no more of it than what is compatible with what they have said, trusting that such folly in action as must wait on folly in word will soon disclose itself as such, and furnish […]
Posted in Environment, Public Choice, Regulation, Standards of Living on Jun 25th, 2007
… and hits one to the warning track.
Writing in Foreign Affairs, the typically excellent http://en.wikipedia.org/wiki/James_Surowiecki has a nice review of Indur Goklany’s new book on the Improving State of the World. However, he slips into all too easy dogmatic territory with this critique:
The environmental transition hypothesis is the most striking example of this view, since it […]
Posted in Public Choice on Sep 9th, 2005
Not much can be said about the tragedy in New Orleans. I am horrified not only by the magnitude of the disaster, but also by the response of most involved parties. So much has been written already that I do not want to add much except to point out a few well done pieces.
This piece […]
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