Economists Have Much To Be Humble About.

Every Good Cause Is Worth Some Inefficiency.

Funeral By Funeral, Theory Advances.

First, Those Who Disagree With Market Efficiency Simply Assert That It Stands To Common Sense That Greater Effort To Get Facts And Greater Acumen In Analyzing Those Facts Will Pay Off In Better Performance Somehow Measured. (by This Logic, Cure For Cancer Must Have Been Found By 1955).

The Growth Of A Nation's Productive Potential Is The Central Factor In Determining Its Growth In Real Wages And Living Standards.... High Rates Of Investment And Saving Usually Have A Big Payoff In Promoting Economic Growth.

Companies Are Not Charitable Enterprises: They Hire Workers To Make Profits. In The United States, This Logic Still Works. In Europe, It Hardly Does.