Definitions

by Russ Roberts on September 22, 2005

in Education

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."  F. A. Hayek in The Fatal Conceit p. 76

"Economics is the study of how to be happy."  GMU student Jen Smith, quoting an unknown economist.  Does anyone out there know who said this first or even second?

"Economics is the study of sex, death and why the lines are longest at the roller coaster." Stephen Karlson at Cold Springs Shops.

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