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Quotation of the Day…
Posted By Don Boudreaux On August 12, 2013 @ 7:32 am In Growth,Hayek,Hubris and humility | Comments Disabled
Understanding the modern economies must start with a modern notion: original ideas born of creativity and grounded on the uniqueness of each person’s private knowledge, information, and imagination.
I have just begun to read Phelps’s book – and so far, so very good. The above quotation succinctly combines key insights from Hayek and Julian Simon.
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URLs in this post:
 Edmund Phelps: http://www.columbia.edu/~esp2/
 Mass Flourishing: http://www.amazon.com/Mass-Flourishing-Grassroots-Innovation-Challenge/dp/0691158983/ref=sr_1_1?s=books&ie=UTF8&qid=1376307020&sr=1-1
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