May 07, 2009
Gerald Scully, RIP

Gerald Scully has just died. Jerry practically started the whole field of sports economics some three decades ago. In recent years he did great work on economic growth and economic freedom, which is how I came to know him. He was a genuine good guy and great economist. And I learned a lot from him.

John Goodman has more here.

Posted by Robert Lawson at 01:42 PM

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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