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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

Showing posts with label mario rizzo. Show all posts

Wednesday, October 23, 2013

Quote of the Day: Good Samaritan duty

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There is a long tradition in the common law that refuses to recognize a legal duty to help strangers in emergency situations: the so-calle...

Thursday, May 09, 2013

Quote of the Day: Economics as Foundation of Ethics

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Morality is not equivalent to advocating feel-good courses of action when something bad happens. Sure, we can and should be beneficent. It...

Wednesday, December 19, 2012

Quote of the Day: The Will of the People

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What is the will of the people? Whatever it is, it is certainly not without contradictions, illusions, misinformation, and wishful-thinki...

Sunday, August 16, 2009

Sectoral Performance In US, China And The Philippines

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``[Asia is] a very different dynamic compared with the rest of the world. Most banking systems in Asia are flush with liquidity as they have...

Thursday, March 26, 2009

Ideology, Economics and Policy Making

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New York University's Mario Rizzo in his " In Defense of Reasonable Ideology" delivers a sterling dissertation of why economi...

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