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The market is no god – it cannot solve every problem.

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Eric Maskin

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I think I have met nearly all the Laureates in Economics. Among the few I haven’t met, I suppose I’d most like to meet Ronald Coase because of his legendary power to persuade his colleagues of the validity of the Coase Theorem.

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Here’s a news flash: No soldier gives his life. That’s not the way it works. Most soldiers who make a conscious decision to place themselves in harm’s way do it to protect their buddies. They do it because of the bonds of friendship – and it goes so much deeper than friendship.

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April 26, 2024

Here’s a news flash: No soldier gives his life. That’s not the way it works. Most soldiers who make a conscious decision to place themselves in harm’s way do it to protect their buddies. They do it because of the bonds of friendship – and it goes so much deeper than friendship.

Previous

April 26, 2024

I think I have met nearly all the Laureates in Economics. Among the few I haven’t met, I suppose I’d most like to meet Ronald Coase because of his legendary power to persuade his colleagues of the validity of the Coase Theorem.

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