February 2016

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« The Economics Analysis of Financial Markets -- A Nobel Prize Long Expected | Main | Institutional Diversity and Political Economy: The Ostroms and Beyond »

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Does it teach humility? If so, how do you square it with this from a previous post:
"To me economic science represents a golden key that unlocks all the mysteries of the universe. Once in possession of that key, the owner can understand the way the world works -- not just market behavior proper, but all of human action and interaction from the most base to the most sacred."

A bit of hyperbole which makes Gary Becker's absurd claims for the explanatory value of economics look mild.

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