“I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." — John Hicks
Larry Summers and Baumol’s Law.
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It is [not] instinct nor reason but learned traditional rules of conduct which mainly guides our lives. — F. A. Hayek
It is [not] instinct nor reason but learned traditional rules of conduct which mainly guides our lives.
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