Shop Talk Among the Idiot Savants

Richard Serlin:

“You do see a lot of complaints from economists about economists [with a bachelors in math or physics, but] without bachelors in econ, not understanding intuitively much of the field.”

Serlin is a professor of finance at the U. of Arizona.

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Of the direct significance of equilibrium analysis to the explanation of the events we observe, I never had any doubt. I thought it was a very useful concept to explain a type of order towards which the process of economics tends without ever reading it. — F. A. Hayek

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