“Assume You Don’t Need What You Need” If you want to know how economists think, a good start is jokes about economists. So, consider this classic about a physicist, an engineer, and an economist all stranded in the desert: They are hungry. Suddenly, they find a can of corn. They want to open it, but how?...Read More
Economist: “Assume You Have a Can Opener”* Everything I learned about economics at Stanford turned out to be useless. In fact, worse than useless, because it was wrong, and therefore had to be flushed (unlearned). (Sorry, Mom; sorry, Dad. Thankfully, not everything I learned in college was for naught.) Economics’ Dark Age In Stanford’s defense,...Read More
