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?


  1. Off with your head...!!

  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 :-)).

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