At 10:19 PM -0600 on 3/9/03, Kevin S. Van Horn wrote:

> By the way, one piece of evidence that economics is maturing into a real 
> science is that it is becoming usable by "engineers";

Well, finance, anyway, where it is possible to calculate some risk.

You can't calculate prices, though. You discover them.

Most "economics" is still about top-down design these days, and, as such, is hogwash.

Cheers,
RAH

-- 
-----------------
R. A. Hettinga <mailto: [EMAIL PROTECTED]>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'

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