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Sounds like a great opportunity. *fingers crossed*
Come Join Us for an Amazing Intellectual Adventure -- Economics is the key that unlocks the mysteries of the universe
|Peter Boettke| The Mercatus Center is accepting applications for our MA, PhD and Smith Fellows programs for the 2014-2015 academic year. The PhD Fellowship is a three-year, competitive, full-time fellowship program for students who are pursuing a doctoral degree in economics at George Mason...
As with most lists on the internet, I first glanced through the headers. Initially, I found myself remarkably in agreement, at least in part, with most of their points.
1. Economics is not a science in the way that I safely assumed they used the term "science". It is not physics. However, it is a science in the way Boettke and I use the term.
2. Efficiency, as used by many Samuelsonian economists, is greatly overplayed. Economists like McCloskey are right when they talk about virtues beyond prudence.
3. Institutions are important and looking at only the "market" in some perfect competition, equilibrium manner is of limited value.
And my reasoning continued for the rest...
The problem with Robert Atkinson and Michael Lind's analysis is not that economics is wrong, but that bad economics is wrong.
Econ 101 is What is Needed Most
|Peter Boettke| Robert Atkinson and Michael Lind have it exactly reverse. Econ 101 isn't what is killing us, it is the denial of the practical impliactions of the science of economics that is. One must always remember that simple economics -- basic principles derived from the logic of action in...
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Jul 9, 2013
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