Categories:
Austrian Economics
Waldo Jaquith reflects that
it’s quite impractical–nearly impossible–to make a cheeseburger from scratch. Tomatoes are in season in the late summer. Lettuce is in season in spring and fall. Large mammals are slaughtered in early winter. The process of making such a burger would take nearly a year, and would inherently involve omitting some core cheeseburger ingredients. It would be wildly expensive–requiring a trio of cows–and demand many acres of land. There’s just no sense in it.
Pointer from Don Boudreaux.
READER COMMENTS
david
Dec 11 2011 at 5:42pm
Better than Friedman’s pencil, I suspect, since there now are multinationals that wholly own the companies involved in making pencils.
Curt Doolittle
Dec 11 2011 at 6:09pm
Arnold,
Tyler writes a series of pieces entitled ‘Markets In Everything’.
You’ve succeeded in popularizing “Calculation, Miscalculation and Recalculation”. PSST is working its way into the dialog.
Consider adopting Tyler’s method: PPST or Recalculation in everything?
Something of that nature.
Curt
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