Tuesday, April 24, 2018

Leland Yeager Has Passed from This Earth

Sad News: Leland Yeager has passed away at the age of 93. David Gordon has a nice brief obituary at Mises.org.

Dr. Yeager taught me graduate macroeconomics (out of Patinkin!) and Money and Banking. He also very kindly recommended me for my position here at Grove City College. While I did not always ultimately agree with him, he taught me a lot of economics as well as a number of nuggets of valuable economic wisdom including:
  1.  The first job of the economist is to get the analysis straight, before discussing whether any policy is politically feasible.
  2. A good economist must be an economist, not an ideologue. We should by social scientists, not cheerleaders.