Thursday, October 18, 2007

Where to go, Alice?

Aco loves this Keynes' quote:
When the facts change, I change my mind. What do you do, sir?
While we all know that we should avoid a policy without empirical fact, oftentimes the empirical findings at your disposal is at best inconclusive. Take for example the issue of death penalty's deterrence impact (HT: Andrew Leigh), or the economic impact of global warming.What would you do?

AP likes Alice and Cheshire Cat's dialogue:
"Would you tell me, please, which way I ought to go from here?"
"That depends a good deal on where you want to get to," said the Cat.
Which way, Mr Cat?

3 comments:

  1. Off with your head...!!

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  2. Well, that is what usually "paternalistic" legal system and government does, namely, believing in only one single way of seeing thing, and off with the alternative.

    Surely the Queen doesn't make a good economist :-)).

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  3. how about the quote from Don Vito Corleone? "I made him an offer he can't refuse?"

    LOL

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