I won't really have an opinion about derivatives until I crib one from "The Idiot's Guide to Derivatives," whenever, if ever, it ever comes out.
It's in the large category of "things my father never taught my and my mother never knew."
I do not, by the way, believe in Austrian economics. I am a fan of Adam Smith and John Stuart Mill, for reasons which have more to do with their humanism than anything else.
Read "The Secret History of the Dismal Science" and maybe you won't think it so dismal anymore. Hint - it's about stuff you like to read about - racism, buttheadedness, foolishness, arrogant pricks getting their comeuppance, if only at the hands of the historians.
econlib.org
Once upon a time people used to sit around and talk about the things that mattered in their lives.
Later they divided it up into categories, called it "social science," and left it to the academicians.
I am irredeemably old fashioned. I don't see a natural dividing line between economics, history, law, political science and all the rest. |
