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The Hayek Club

Tweet [1]

In Fight of the Century [2], Hayek sings:

The economy’s not a class you can master in college

To think otherwise is the pretense of knowledge

Here is Greg Mankiw in the New York Times [3]:

AFTER more than a quarter-century as a professional economist, I have a confession to make: There is a lot I don’t know about the economy.

Greg is the founding member of the Pigou Club [4]. I am happy to see that he has also joined the Hayek Club.