Friday, January 19, 2007

Quotes of the Day

"From the point of view of physics, it is a miracle that 7 million New Yorkers are fed each day without any control mechanism other than sheer capitalism."

~John Holland, scientist, Santa Fe Institute


"I am convinced that if the market system were the result of deliberate human design, and if the people guided by the price changes understood that their decisions have significance far beyond their immediate aims, this mechanism would have been acclaimed as one of the greatest triumphs of the the human mind."

~Friedrich Hayek, Nobel economist


"It is something of a miracle that individual selfish decisions (in a market economy) must lead to a collectively efficient outcome."

~Steven Landsburg in the Armchair Economist

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