Tuesday, September 06, 2016

Quote of the Day for 2016-09-06

"If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, 'what would I do if I were a horse?'"

Ely Devons (1913-1967) Quoted by Ronald Coase in a speech before the International Society of New Institutional Economics in Washington, D.C. (September 17, 1999)

Cover illustration of Jugend Magazine by Heinrich Kley (January 29, 1910)
Cover illustration of Jugend magazine by Heinrich Kley (January 29, 1910)

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