August 24, 2009
Southern Miss Economics, RIP?

The CHE IHE reports,

Amid the worst economic crisis since the Great Depression, the University of Southern Mississippi is poised to eliminate -- of all things -- its economics department, faculty were informed this week.

Things have been bad at USM in economics for some time, but all I can say is wow.

More here.

Posted by Robert Lawson at 11:06 AM in Economics

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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