Friday, December 24, 2010

Love Song for F.A. Hayek

A sorta academic change of pace --- and helpful if you know a little french (via Virginia Postrel):

Hey there Freidrich Hayek, ya lookin really nice
Your methodology is oh so precise
You break down social science to the fundamentals
Rules and social order are the essentials

The use of knowledge in society
by each of us we make the economy
It's not magic that somehow our plans all align
The result of human action, not of human design

Tell me your thoughts on resource misallocation
Distorted price signals and misinformation
Interest rates that are made artificially low
Telling producers where resources should go...