Quote for week 7th-13th of October ’07

In order to cure most ills of human life, I require not that man should have the wings of the eagle, the swiftness of the stag, the force of the ox, the arms of the lion, the scales of the crocodile or rhinoceros; much less do I demand the sagacity of an angel or cherubim.
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Econlinks for 04 Oct ’07

  • Rules vs. discretion: Posner continues Becker‘s entry on rules versus discretion in the context of central banks’ decisions, but by doing so he also provides an excellent general discussion on the law and economics of the subject.
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