How to do economics

The economists who dominate graduate school education have a lot they could learn about how to provide competent economic explanations from the most recent winner of the Nobel Prize in economics.

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I want to express a very belated thanks to Friedrich A. Hayek. His work had much more of an influence on me than I realized during the writing of [_The End of Liberalism_] . I neither began nor ended as a Hayekist but instead found myself confirming, by process of elimination and discovery, many of his fears about the modern liberal state. — Theodore Lowi

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