Occupation: Professor Birth: February 24, 1954
Economic policies command bipartisan support only when they're incoherent..
It is something of a miracle that individual selfish decisions (in a market economy) must lead to a collectively efficient outcome..
Most of economics can be summarized in four words: 'People respond to incentives.' The rest is commentary..
A well-known mathematician once told me that the great thing about liking both math and sex was that he could do either one while thinking about the ….