The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
F. A . Hayek, The Fatal Conceit
43 years after it was published for the first time, and 25 years after the last update there is a third edition of David D. Friedman’s classic 1971 work of libertarianism called „The Machinery of Freedom: Guide to a Radical Capitalism„. When I’ve read this book in the late 1990s it really inspired me. One must […]Read more "The Machinery of Freedom: Guide to a Radical Capitalism"
„There are more good cars in the ghetto than good schools.“
David D. Friedman in „The Machinery of Freedom: Guide to a Radical Capitalism“ about the popular myth about capitalism oppressing the poor, but the poor – as Friedman says – are worse off in those things provided by government
Why do you tip a doorman, but not the man behind the corner? – „Should Tipping Be Banned?“: I am just listening to one of the most popular podcasts of @Freakonomics – very worth listening: http://freakonomics.com/2013/06/03/should-tipping-be-banned-a-new-freakonomics-radio-podcast/ And, guess what: Good looking, blond, slender and big-breasted women in their 30s get the highest tips.Read more "Should Tipping Be Banned?"
„Perhaps it costs a lot of money to look this plain.“
Roger Cohen about Angela Merkel
acceptance of conflict, resistance to power, belief in progress and civic respect, says Edmund Fawcett in his book „Liberalism: The Life of an Idea“ mentioned by Clive Crook, Bloomberg View columnist. According to Crook this book is very worth reading. I have already sent a sample text (via Amazon) to my iPad. I am excited. Deeplink […]Read more "What liberalism means…"
How many people who are in work use performance-enhancing drugs in Germany? 2 percent, says the statutory health insurance DAK in a report from 2009 (.pdf), but according to the business newspaper Handelsblatt the broadest study to that topic. The study is mentioned in a long article, published today, about drugs consumed in executive floors in Germany. […]Read more "How many people who are in work use performance-enhancing drugs in Germany?"