Quote of the Day — Michael Boskin on Math & Economic Complexity

“The complexity of a dynamic market economy is not easily captured even by sophisticated modeling (an idea stressed by Friedrich Hayek and Robert Solow).”

– Michael Boskin in the Wall Street Journal

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Random Quote

Liberalism regards competition as superior not only because it is in most circumstances the most efficient method known but even more because it is the only method by which our activities can be adjusted to each other without coercive and arbitrary intervention of authority. — F. A. Hayek

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