Universal Economics: Necessary Reading for the Well-Trained Economist
- A Liberty Classics Book Review of Universal Economics, by Armen Alchian and William Allen.1
What do you do when economists stop believing in economics? The “dismal science” never merited its dreary epithet, but trends in economics education at the graduate and undergraduate levels could change that. Ph.D. courses are saturated with hyper-mathematical models that are as sophisticated as they are irrelevant, as well as statistical pyrotechnics that amount to little more than brute description. Читать дальше...