Mason economist Russ Roberts' full testimony is posted on the web site of the Mercatus Center. He concludes, "It would be good to recognize our limits about what we imagine we can design. We cannot steer the economy. Or the labor market. Recognizing our limitations is a step in the right direction."
Russ Roberts offers keen insight and wisdom in The Economists' Voice, a publication of the Berkeley Electronic Press. The summary: "If only preventing financial crashes were as straightforward as preventing airlines crashes. Russell Roberts explains the implications for future financial reform."
In this video interview, George Mason University economics professor Tyler Cowen, this year's winner of the Award for Scholarship, talks about the things he's passionate about: teaching, writing, blogging and more.
Economics professor Tyler Cowen is the 2009 recipient of the Award for Scholarship. He will be recognized at the Celebration of Scholarship on October 2 along with Professor Jagadish Shukla, the recipient of the College of Science Award for Scholarship. This year's recipients are featured in a slide-show.
Dr. Vernon Smith Awarded the Nobel Prize in Economics
Along with Dr. Daniel Kahneman, Dr. Smith was given this award "for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms." To hear Dr. Smith's Nobel Prize lecture and other resources please visit the Nobel e-Museum's website.