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

Posed as a question whether a given aim can be achieved at all [the debate over the moral claims of socialism also] involves the question whether the values and moral and ethical principles which guide us are reconcilable with each other [and] these are eminently scientific questions. — F. A. Hayek

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