The Austrian Economists Are Educators' at Heart

Today in a quotation the Austrian Economist celebrates, and adds a further a bit of wisdom.

Happy Hayek's Birthday: "'The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.' (The Fatal Conceit, p. 76)

…The world would also be a better place were more people to emulate Hayek as a model of scholarship and civility. We need more people willing to start with the assumption that those who disagree with them are only guilty of intellectual error rather than maliciousness or stupidity."







If Hayek is correct then our task in public policy is to educate, not denigrate, those who do not see things as well as they should.