Speak of the devil... Cheers, Bob Hettinga --- begin forwarded text To: DAILY DOSE <DAILY_DOSE@notes.worldcom.com> From: VitaminB <VitaminB@bionomics.org> Date: 6 Jun 96 20:31:04 Subject: <<Vitamin B>> (June 6, 1996) Reality Check Mime-Version: 1.0 Vitamin B: Your Daily Dose of Bionomics June 6, 1996 Reality Check Everyone knows that you can't predict the future. The question is: Can traditional economics understand the present? Not too many years ago, on the eve of the collapse of the Soviet Union, the leading economics textbook had this to say: "The Soviet economy is proof that, contrary to what many skeptics had earlier believed, a socialist command economy can function and even thrive." -- Paul A. Samuelson, Professor emeritus, MIT (in Samuelson & Nordhaus, Economics, 1989) We wonder what "conventional wisdom" of 1996 will prove to be as, ummm, quotable in the not too distant future. --- end forwarded text ----------------- Robert Hettinga (rah@shipwright.com) e$, 44 Farquhar Street, Boston, MA 02131 USA "If they could 'just pass a few more laws', we would all be criminals." --Vinnie Moscaritolo The e$ Home Page: http://www.vmeng.com/rah/