Quote of the day
Only this incident inseparable every custom must have, viz., that it be consonant to reason; for how long soever it hath continued, if it be against reason, it is of no force in law.
George Akerlof
Born: June 17, 1940 (age 85)
Bio: George Arthur Akerlof is an American economist and University Professor at the McCourt School of Public Policy at Georgetown University. He won the 2001 Nobel Memorial Prize in Economic Sciences.
Known for:
- An economic theorist's book of tales (1984)