Monday, September 06, 2004

More proof you cannot get complete agreement from economists

The world is in good economic shape. So say the world's foremost economic thinkers. But which nations are doing better than others? Only two conomists maintain the U.S. is the foremost economy in the world. See "Good News for the Globe: Nobel Winners in Economics Are Upbeat About the Future As China and India Surge" by David Wessel and Marcus Walker of the Wall Street Journal.

Interesting quote from one of my favorite economists James Buchanan, who when asked "among other thing which counntry in the world comes closest to getting economic policy right" these days, replied. "I consider the questions to be fatuous and not worthy of serious reflection."

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