On this Labor Day weekend, like most Americans, I come to praise labor, not indulge in it. Has there ever been a people that speechified more about the joys and satisfactions of work and the work ethic, yet was so enamored of labor-saving devices?
A few kinks have developed in the American image since -- like the Great Depression. And occasional lapses in that once vaunted made-in-USA craftsmanship. Still, no other system seems to have responded so flexibly to the challenge, mystery and psychological thriller known as the "science" of economics. (To quote Hayek, "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.")
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