Thursday, April 07, 2005

Property is Theft?

From the Chronicle of Higher Ed:

"Martin L. Weitzman has a Ph.D. in economics, tenure at Harvard University, and an endowed chair, but what he really wanted was a truckload of free manure. A police officer in Rockport, Mass., said on Wednesday that Mr. Weitzman was arrested and charged with trespassing, larceny under $250, and malicious destruction of property for attempting to steal manure last Friday from a horse farm in Rockport, 30 miles northeast of Boston... It is unclear whether Mr. Weitzman had a practical or academic use in mind for the manure. His main research interest is environmental and natural-resource economics."

Regardless, it's more proof that economists are full of it.

(Coup de grĂ¢ce: the title of the article is "Harvard Economist Is Accused of Trying to Steal Farm's Gross Domestic Product.")