Rational Ignorants

Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant. ~Fredrich Hayek in The Constitution of Liberty

Rational Ignorants

Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant. ~Fredrich Hayek in The Constitution of Liberty

Sunday, November 3, 2013

Brandon Meriweather Gets Externalities

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The Washington Redskins defensiveback on the result ir the NFL's attempt to limit concussions: http://www.sportingnews.com/nfl/stor...
Sunday, January 20, 2013

Thinking Beyond Stage One

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Today, I saw an advertisement that Kwikfill (http://www.kwikfill.com/) only supplies North American gas, implying that buying their gas is b...
Friday, January 11, 2013

We Cannot Rob Ourselves Rich

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This video is a great lesson in social norms: A man parks in front of a pharmacy and goes in to rob the register.  While he is inside, a ...
Thursday, August 23, 2012

Restaurant Pricing

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I just stumbled upon savored.com , which is a clever platform for variable pricing at restaurants. Table space has different values on diff...
Monday, July 2, 2012

On Libertarianism and Workplace Regulations

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Crooked Timber writes an extended post about libertarianism and the workplace. If you have the time, it's definitely an interesting rea...
Friday, June 29, 2012

A Theory of Optimal Retweeting

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Tyler Cowen complains on Twitter : New idea: retweeting is unethical, inefficient intellectual pollution, you already decided not to follo...
Sunday, June 24, 2012

$5000 Bullets

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Nick O'Boyle asks on Twitter: What are the unintended consequences of $5,000 bullets ? I guess the inspiration is here . 1. Crime scen...
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