Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world..

Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully..

In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to re….

Outside the firm, price movements direct production, which is co-ordinated through a series of exchange transactions on the market. Within a firm, th….

A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur….

Ronnie had it right calling it Torture. That is a much more accurate description the way I see it..

I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z. You kno….

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics..

We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather tha….

It is clear that these are alternative methods of co-ordinating production. Yet, having regard to the fact that, if production is regulated by price ….

Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the w….

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 ….

If you torture the data long enough, it will confess..

I hate when people ask me to: "Massage the data"..