The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Thursday, May 09, 2013
In Remembrance of Friedrich von Hayek’s 114th Birthday
This is really a belated commemoration: the great Austrian economist Friedrich von Hayek’s 114th birthday was yesterday May 8th!
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