Economics Has Never Been A

Man Does Not Live By Gnp Alone.

What Good Does It Do A Black Youth To Know That An Employer Must Pay Him $2 An Hour If The Fact That He Must Be Paid That Amount Is What Keeps Him From Getting A Job?

Macroeconomics, Even With All Of Our Computers And With All Of Our Information - Is Not An Exact Science And Is Incapable Of Being An Exact Science.

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.

Second, They [those Who Disagree With Market Efficiency] Always Claim They Know A Man, A Bank, Or A Fund That Does Do Better. Alas, Anecdotes Are Not Science. And Once Wharton School Dissertations Seek To Quantify The Performers, These Have A Tendency To Evaporate Into The Air - Or, At Least, Into Statistically Insignificant T-statistics.