I am a practicing surgeon (M.D.) with an undergraduate degree in Economics. Interests focus on

natural resource economics and the political/strategic implications of economic policies. Well schooled in Keynesian economics in my student days, I have moved much more in to the Frederick Hayek (the Road to Serfdom, etc) conservative area of economics.

The one thing that Economics taught me is that it should really be labelled by its old name,"Political economy", for it is not an exact science. Rather, scientific and econometric modelling should be always considered in the context of the political philosophy of the economist, for, deny it as he/she might, there is always a political agenda. Economics is not neutral objective science.

I think the most sophisticated phrases, which trump most academic economic philosophy, lie in these:

1. "there is no free lunch" -applies to physics, economics, and life

2. Resources are limited (and if you don't think so, you haven't thought the issue

through.

3. And to quote the Eagles from "Lying Eyes" - "I guess every form of refuge has

its price"