Students and teachers of economics


Economic Lunacy, by Walter E. Williams, 7 Sep 2005
"Bastiat ... said ... 'the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.' ... economists Chan and Woodward ... can't see ... what those resources would have been used for had there not been hurricane destruction"
The Death Wish of the Anarcho-Communists, by Murray N. Rothbard, The Libertarian Forum, 1 Jan 1970
Critique of anarcho-communism, examining its presumed non-coercive nature, and its philosophical and economics orientation
"It is no accident that it was precisely the economists in the Communist countries who led the rush away from communism, socialism, and central planning, and toward free markets. It is no crime to be ignorant of economics ... But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."
The Myth of the Rational Voter, by Bryan Caplan, Cato Unbound, 6 Nov 2006
Posits that voters mistaken beliefs, in particular about economics, do not "cancel each other out" but instead they compound
"When experts ... address a broader audience ... they need to ... clearly explain why the experts are right and the public is wrong. Thus, when economists get the public's ear, they should not bore them with the details of national income statistics ... They should challenge the public's misconceptions about markets, foreigners, saving labor, and progress."
Related Topics: Democracy, Logic, Psychology, Voting
Why Be An Economist? To Be Happy, That's Why, by Walter Block, Mises Daily, 21 Dec 2006
Contrasts Block's career recommendations to students interested in economics vs. advice from another professor
"My advice to my very best students ... is to major in economics, ... and then go off and get a Ph.D. in economics. ... Why do I give this advice? The better to promote liberty, of course. I am motivated by the fact that Austro-libertarianism is a rare and precious flower, yet is crucially important to the prosperity and even survival of the entire human race."
Why Intellectuals Still Support Socialism, by Peter G. Klein, Mises Daily, 15 Nov 2006
"... economists are not traditionally popular as policy advisors. Economics teaches that resources are limited, that choices made imply opportunities forgone, that our actions can have unintended consequences. This is typically not what government officials want to hear."
Related Topic: World War II


What Do Economists Contribute?
    by Daniel B. Klein (Editor), Cato Institute, 1999
Partial contents: On the Role of Values in the Work of Economists - Economists and Public Policy - On the Decline of Authority of Economists - 'Realism' in Policy Espousal - How To Do Well While Doing Good! - The Common Weal and Economic Stories