Naive Quotes
I saw The Sound of Music again recently, and I loved it. Probably it's a more valuable film now than when it first came out, because some of the things it stood for have already disappeared. There's a kind of naive loveliness about it, and love goes by so fast ... love and music and happiness and family, that's what it's all about. I believe in these things. It would be awful not to, wouldn't it?
Julie Andrews
Traditionally, economic analysis treats the economic system as one of the givens. The term "design" in the title is meant to stress that the structure of the economic system is to be regarded as an unknown. An unknown in what problem? Typically that of finding a system that would be, in a sense to be specified, superior to the existing one. The idea of searching for a better system is at least as ancient as Plato's Republic, but it is only recently that tools have become available for a systematic, analytical approach to such search procedures. This new approach refuses to accept the institutional status quo of a particular time and place as the only legitimate object of interest and yet recognizes constraints that disqualify naive Utopias.
Leonid Hurwicz
