Wasteful Waste vs. Productive Waste
Posted in Economics 238W, Environment, Extended Order, Institutions, Price System, Property Rights, Resources, You Can't Have it Both Ways on Jun 28th, 2012
George Stigler, I think, once quipped, "If you never missed a flight in your life, you've spent too much time in an airport." While there is much wisdom in this observation, I would recommend not taking it too seriously. We like to get to airports early so that we do not miss our flights. There […]
