Econometrics May Be Defined As The Quantitative

The Failure Of Market Catallactics In No Way Denies The Following Truth: Given Sufficient Knowledge The Optimal Decisions Can Always Be Found By Scanning Over All The Attainable States Of The World And Selecting The One Which According To The Postulated Ethical Welfare Function Is Best. The Solution 'exists'; The Problem Is How To 'find' It.

Companies Are Not Charitable Enterprises: They Hire Workers To Make Profits. In The United States, This Logic Still Works. In Europe, It Hardly Does.

Contrary To What Many Skeptics Had Earlier Believed, The Soviet Economy Is Proof That A Socialist Command Economy Can Function And Even Thrive.

When The Economy Was Going Up, [milton Friedman And I] Both Gave The Same Advice, And When The Economy Was Going Down, We Gave The Same Advice. But In Between He Didn't Change His Advice At All.

I Don't Care Very Much For The People Magazine Approach To Applied Economics.