Friday, August 20, 2010

What’s to be scared of in economics?

Trying to encapsulate my views on economics and policy in a short sentence or two for a friend I have managed this so far….

“The notion that we tend to strive for a little more of what we like and a little less of what we don’t, and that in the process, for the most part society is better off as a result – which to me is the guts of economics – does not seem so difficult, nor threatening that it could ever be usefully supplanted by the call to coercion.”

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