Thursday, December 01, 2005

The Easy, The Hard and The Powerful

Bertrand Russel (great 20th century philosopher) dropped his interest in economics after half a year study because he thought it was too simple

Max Planck (Nobel prize winner in physics) dropped his involvement with economics because he thought it was too difficult

John Maynard Keynes (great 20th century economist whose theory helped ended The Great Depression and architect of current global financial order) said "The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else"

So Economics can be easy and can be hard, but surely powerful

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