- I agree with Professor Boudreaux that economists should study history.In short, they should adopt Adam Smith's approach of locating their economics in history, even if it is modern history of the past 50 - to 100 years. This would be much more productive than hopelessly trying to predict the (near or distant) future, or worse, as moderns are wont to do, imagining that all people act like wholly rational beings who act like rational robots, maximising some invented self-interest shared by everybody else.As for “basic economics”, which is fulll of imagined scenarios, perfectly formed functions, I am not sure that the economics they learn are of much use in trying to understand the real world. By all means learn about a rationally ruled world if you merely want to pass your exams. But don't expect to know much about the real world with real people interacting in it.If you study Adam Smith's books, Moral Sentiments and Wealth of Nations, you will see how what we now call capitalism evolved in Northern Europe ('warts and all') and the extent to which human actions in all their variations eventually brought about the societies of today.
- Residental Zone 1&2, Piano - Residental Zone 1&2, Piano Monday 4th of January at 7.30pm at Cripa, Kalabumi – Piano Recital by Noam Sivan and Maya Hartman Music by: Beethoven, Chopin, ...
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- Whether Heehs' book is objectionable or not is pending before the Odisha High Court - #TopStory : #Aurobindo Ashram Trustee cannot be removed for failure of taking steps for banning a book against... https://t.co/lMjCehek3Z *Aurobindo* ashra...
- The Supreme Court delivers a much awaited blow and outcome - In a nutshell, yesterday, on the 5th of January 2016, the Supreme Court has effectively dismissed lock, stock, and barrel the case that was filed and suppo...
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- Harmony is the key to understand Sri Aurobindo's thought - Savitri Era of those who adore, Om Sri Aurobindo & The Mother. - Auroville News - All in one place Happy New Year 2016 - Happy New Year 2016 Aurov...
"Integral Management" paper presentation plus visiting several lovely locations in the vicinity of Nitte, Karnataka. https://t.co/syCh68oo5l
