Quote of the Day 6th September 2013

"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."

(Ronald Coase, who died this week, from "The firm, the market and the law." Pub. 1988)

Comments

Jim said…
Economics really is not difficult, its just understanding simple rules and applying those rules to current situations.

A couple of weeks ago i stated that osbournes help to buy scheme would only act to push up house prices even further than they currently were. (the simple laws of supply and demand)

Today the BBC are reporting this:
http://www.bbc.co.uk/news/business-23983828
11:31 am
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