Categories:
Cost-benefit Analysis
Economic Education
Although the week is half over, I bet this one will beat all comers.
David Friedman, after analyzing queues and time lost to government bureaucracy in Britain while he was traveling, had an anonymous commenter who said:
No offence, but I think that you need to get out a bit more. Too much analysing, not enough enjoying.
A minute later, David responded:
I enjoy analyzing.
Touche, David.
Why do I call this an economics quote? David is illustrating Pillar #7 of The Ten Pillars of Economic Wisdom: The value of a good or a service is subjective.
READER COMMENTS
Liam McDonald
Jan 30 2013 at 11:54pm
David,
Is the Joy of Freedom out in kindle edition yet? I can’t get it in this part of the world.
Ken B
Jan 31 2013 at 1:15pm
Oh no! Aside from what happened to Bob Murphy I can tell this sucker bet is an example of a general rule: Don’t bet against David Henderson.
Unless of course you enjoy losing …
David Henderson
Jan 31 2013 at 2:06pm
Sorry, Liam. Not yet.
Comments are closed.