". . . economics does not seem to me to deal much in the origins of novel knowledge and novel designs, and said, "If I underestimate your power and merely parody your field, by all means inform me what kind of economic study has been done of such things."
A popular professor at Harvard Business School told me that economists are like accountants--they go out on the field of battle, examine the dead and maimed, tabulate the fallen weapons, study the prints on the ground, and try and figure out what happened. Real people, the actors who fought ... (read more)
". . . economics does not seem to me to deal much in the origins of novel knowledge and novel designs, and said, "If I underestimate your power and merely parody your field, by all means inform me what kind of economic study has been done of such things."
A popular professor at Harvard Business School told me that economists are like accountants--they go out on the field of battle, examine the dead and maimed, tabulate the fallen weapons, study the prints on the ground, and try and figure out what happened. Real people, the actors who fought ... (read more)