Bonus Quotation of the Day…
by Don Boudreaux
on July 14, 2019
… is from my George Mason University emeritus Nobel laureate colleague – and now Chapman University professor – Vernon Smith’s December 10, 2002, Nobel Prize Banquet Speech:
I wish to celebrate… F.A. Hayek for teaching us that an economist who is only an economist cannot be a good economist; that fruitful social science must be very largely a study of what is not; that reason properly used recognizes its own limitations; that civilization rests on the fact that we all benefit from knowledge that we do not possess (as individuals).
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