“Our knowledge of dynamic processes is necessarily inferior to our ability to describe stationary conditions.”
― On the Accuracy of Economic Observations
― On the Accuracy of Economic Observations
“In my experience, economists rarely believe passionately in, or care passionately for, the free market. They are generally more concerned to reveal the market's imperfections, to further their own professional importance.”
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“The dream of a planned, fair, moral, ethical, cash-free society remains strong, particularly among socialists and liberals. It clearly represents a fundamental human instinct. But feudalism just did not work very well, if only because powerful people will not always obey moral imperatives.”
― The Economic Laws of Scientific Research
― The Economic Laws of Scientific Research
“Clowns to the left of me, jokers to the right, here I am -- not stuck in the middle, but hovering above the entire farcical spectrum, weeping as I behold my fellow man's devotion to political illusion and self-destruction.”
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“...the facts of economic life cannot be comprehensively described in terms of statistics.”
― The Limits of Economics
― The Limits of Economics
Tyler’s 2025 Year in Books
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