January 28, 2007
Best Line I Read in Friday's WSJ

Cameron Stracher, publisher of New York Law School Law Review, in Friday's WSJ (p. W11; sorry no link):

"The hordes of English majors who fill [law school] classes might think twice if they knew that economics and mathematics--with their emphasis on problem-solving--are the best preparation for a career in law."

Posted by E. Frank Stephenson at 03:16 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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