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Bonus Quotation of the Day…

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… is from my George Mason University emeritus Nobel laureate colleague – and now Chapman University professor – Vernon Smith’s December 10, 2002, Nobel Prize Banquet Speech: I wish to celebrate… F.A. Hayek for teaching us that an economist who is only an economist cannot be a good economist; that fruitful social science must be very largely a study of what is not; that reason properly used recognizes its own limitations; that civilization rests on the fact that we all benefit from knowledge that we do not possess (as individuals). Comments

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… is from my George Mason University emeritus Nobel laureate colleague – and now Chapman University professor – Vernon Smith’s December 10, 2002, Nobel Prize Banquet Speech:

Bonus Quotation of the Day…I wish to celebrate… F.A. Hayek for teaching us that an economist who is only an economist cannot be a good economist; that fruitful social science must be very largely a study of what is not; that reason properly used recognizes its own limitations; that civilization rests on the fact that we all benefit from knowledge that we do not possess (as individuals).

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Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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