http://oedb.org/library/beginning-online-learning/skip-the-tuition:-100-free-podcasts-from-the-best-colleges-in-the-worl...
- cached
- mail it
- history
"But since one generation of Squanders gets the free ride and future generations pay in perpetuity for it, there are -- in economist talk -- some pretty dramatic "intergenerational inequities.""
"Economic science establishes existential laws, of the type: if A, then B. Mises demonstrates that this science asserts that laissez-faire policy leads to peace and higher standards of living for all..."
"...the further a family of either race slips behind the average income of nearby households of the same race (becoming too poor to compete in the signaling game), the less it spends on these visible goods."
"People will want artists to return them to certain periods. They will suffer what I call hyper-nostalgia as they look back to a time when people talked robustly about ideas like democracy."
"Finally, the social welfare result that a Windows monopoly is not always worse than a Linux-Windows monopoly was also unexpected. This questions the social desirability of policies aimed at guaranteeing Linux's survival."
"Those who advocate coercive arrangements to obtain Pareto efficiency gains are forced to ignore the revealed preferences of the people involved, and thereby commit a fundamental economic error."
simpy
