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When we say that the persistence of competition is ensured by fate, we mean that individual freedom is so guaranteed. The one thing to which fate binds us is liberty.

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Robert Kuttner

Despite its scientific pretensions, economics still remains more of an art than a science

Art, Economics, Remains, Scientific, Stills
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The economic illusion is the belief that social justice is bad for economic growth.

Belief, Economic, Growth, Justice

George Stigler Nobel laureate and a leader of Chicago School was asked why there were no Nobel Prizes awarded in the other social sciences, sociology, psychology, history, etc. "Don't worry", Stigler said, "they have already have a Nobel Prize in. . . Literature"

Asked, History, Nobel, School, Science, Worry

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.

Capital, Force, Labor Force, Lowest, Real, Technology

Donald Rumsfeld should not just be impeached. He should be tried as a war criminal. As for Bush, he can be dispatched by the electorate while we are still a democracy.

Criminal, Criminals, Democracy, Impeached, Rumsfeld, War

If Boeing got a big head start on the 707 from multibillion-dollar military contracts to develop an air force transport, is that a sin against free trade?

707, Air, Dollars, Free, Military, Transport
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