Calculation and Knowledge

I have begun a self-imposed "cognitive therapy" to stop letting thoughts of sunk costs undermine my enjoyment of life

It is not a good thing to destroy wealth.

Falling Behind, by Robert H.

IP is the manifestation on creativity of an underlying Marxist theme: the labor theory of value.

OK, air travel can be a mess. There is nothing so frustrating as delays, especially delays on the tarmac.

In the comments of my post on the mortgage mess, “Jake” linked to this

From a letter in today’s Wall Street Journal:

With the almost constant statist apologetics we hear from many government and academic economists, writes Ben O’Neill, it is hard to believe

Milton Friedman’s best-known technical works are his Theory of the Consumption function (1957) and the Monetary History of the United States