But, Mousie, thou art no thy lane, In proving foresight may be vain; The best-laid schemes o’ mice an’ men Gang aft agley, An’ lea’e us nought but grief an’ pain, For promis’d joy! Still thou art blest, compar’d wi’… Read More ›
Month: July 2007
Positive Returns on Investment Education has positive returns. That claim is certainly not the most extravagant generalization about education that one can make. It is true unless of course hundreds of millions of people over centuries have been systematically paying… Read More ›
Expectation Matters George Akerlof’s seminal contribution to economic theory is in the area of information imperfection and how it affects markets. His paper, “The Market for Lemons”, is brilliant and an easy read. Information asymmetry between the buyers and sellers… Read More ›
Pet Peeve #284.
Just another laughing buddha.