Hayek: Use of Knowledge

What is the problem we wish to solve when we try to construct a rational economic order? — F.A. Hayek, AER,XXXV, No.4;September,1945,pp.519-30.

Does Hayek mean(as he says) that we construct economic order? Isn’t economics a given natural occurance? Isn’t that what we mean when we say “the law of supply and demand” and such. That this occurs without our ability to alter its course.

Economics without Economists

The science of economics, therefore, is difficult on four counts.
The economy itself is exceedingly complex;
the economist is subject to the pressures of various interest groups;
like everyone else, the economist may early acquire tenacious prejudices about economics which are very hard to get ride of; and finally,
the economist is not free, as are the practitioners of many other sciences, to make controlled experiments. — Lorie Tarshis (1947)

Bush, Fashionably Early To Baghdad

Mr. Bush stopped off at the green zone for a quick “look me in the eyes” with whats-his-name and received a standing cry with the quickly assembled green zoniacs. The heros in waiting wore green, Bush wore a light shade of scorn, edged in clear tear drops. The room sparkled with brass.

Big B. struggled with the translator. He seemed to be searching for Fiona Apples greatest hits, instead Big B. looks lost in translation. Before jetsoning off in AF1 he offered whats-his-name and the green zoniacs classic meatball fashion advice

So if you’re hiking today, please wear orange and keep low.

Good luck.

And what more could you expect with a meatball strategy, then that the tactless tacticians leave you in the green zone with your meatballs to the wall.

Good luck Iraq. Hope you enjoy the nice new orange flack jackets.