Bonus Quotation of the Day…
by Don Boudreaux
on January 29, 2019
… is from my GMU Econ and Mercatus Center colleague Tyler Cowen’s superb March 16th, 2013, New York Times column, “A Profession With an Egalitarian Core”:
Economic analysis is itself value-free, but in practice it encourages a cosmopolitan interest in natural equality. Many economic models, of course, assume that all individuals are motivated by rational self-interest or some variant thereof; even the so-called behavioral theories tweak only the fringes of a basically common, rational understanding of people. The crucial implication is this: If you treat all individuals as fundamentally the same in your theoretical constructs, it would be odd to insist that the law should suddenly start treating them differently.
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