L'Etat, c'est la grande fiction à travers laquelle tout le monde s'efforce de vivre aux dépens de tout le monde. Frédéric Bastiat

samedi 15 décembre 2007

Economie

Bien choisir l'université de ses enfants ? Visitez son département Economie :
In looking at colleges for my daughter, one of the things I do is to drop into the economics department and get into a conversation with one of the professors. Part of the reason is that "economist" is in some ways an ethnicity--I have things in common with other economists that I don't have in common with most other people, making it easier to talk with them and get them to talk with me.
A second reason is that I want to know how tolerant the college's culture is of intellectual diversity. Economics as a science is neither right wing nor left wing--there have been good economists who were socialists, good economists who were extreme libertarians. But it is, in a very real sense, its own ideology.
It is almost impossible to be a good economist and accept traditional conservative arguments against free trade--because those arguments depend on not understanding economic ideas worked out nearly two hundred years ago. It is almost impossible to be a good economist and accept common left wing rhetoric about "people not profits" or the equivalent--because a good economist knows that the argument on the other side isn't about profits as an end in themselves but about profits as part of a signaling system that results in benefits for people. (...)