Re: Where to now?

On 11/24/2012 11:08 AM, Dan Minette wrote:
>> How about Hayek?
> Half of the article that I'm giving a link to talks about him. It is written
> by another Nobel prize winner, and gives a very interesting account how his
> professional and popular works differ. I like the comparison of him to Marx,
> it makes a lot of sense to me...partially because Marx was both way off the
> mark on predicting the future as well as someone who made major
> contributions to econ and basically was the first sociologist.
>
> http://www.tnr.com/article/books-and-arts/magazine/110196/hayek-friedman-and
> -the-illusions-conservative-economics
>
>
Thanks for the link, Dan. A most interesting article. It reminded me of 
a journal article I read in graduate school wherein a distinguished 
professor presented his model of consumer behavior, then noted that 
consumers don't actually behave that way, which led to his call for 
measures to make consumers conform to his model. I find that a lot of 
neoclassical economics reads like an analysis of how people should 
behave if only they were as wise as economists.<g> I also note in 
passing that a study done a few years ago about charitable giving found 
that economists were the stingiest group in the study, which I found not 
at all surprising.

Regards,

-- 
Kevin B. O'Brien         TANSTAAFL
[email protected]      Linux User #333216