Tag Archives: econtalk

Russ did it first

It turns out that Russ Roberts had a post explaining the broken window fallacy just before I did! That guy is so smart. By the way, you ought to check out his podcast, EconTalk. Russ is a fair and careful … Continue reading

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Destruction destroys

tl;dr: Effort expended to re-divide the pie is wasted effort, from the impersonal perspective of economic efficiency. I know! It’s paradoxical, but it’s true. And yet folks (including this blogger) don’t always apply it. The other day I had a … Continue reading

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