Thursday, May 05, 2011

The Fatal Conceit

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
Austrian Economist
1899 - 1992

Not generally a fan of rap, I am do recommend watching these videos using this new type of music to explain economics.  Link to

FWIW - I had the distinct opportunity to have dinner with Professor/Doctor Hayek in 1977, when I was a student at Hillsdale College.  I was just 19 years old and failed to take the opportunity to ask good questions while sitting on his immediate left.  The main thing I remember were his manners ~ when the meal was over, he politely asked if I minded, if he dipped  ;-)

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