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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label resistance to change. Show all posts

Friday, November 30, 2012

Discovery Process as Antidote to Chaos and Volatility

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The prolific author Matthew Ridley at the Wall Street Journal reviews my favorite iconoclast Nassim Nicolas Taleb’s new book Antifragile ...

Wednesday, November 21, 2012

Nassim Taleb on AntiFragility: 5 Rules Where Society can Benefit from Volatility

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At the Wall Street Journal, my favorite iconoclast Black Swan theorist and author Nassim Nicolas Taleb explains his 5 rules where society c...

Tuesday, November 20, 2012

Quote of the Day: Why the Precautionary Principle is a Mistake

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Over my lifetime, more still over the past century, the cultural and political institutions of the U.S. have changed substantially, for re...

Saturday, May 26, 2012

Quote of the Day: Hayek’s Road to Serfdom is about Resisting Change

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Hayek never argued that the slightest deviation from laissez-faire capitalism launches a society on an unstoppable march toward tyranny. ...

Thursday, March 10, 2011

The Tipping Point Of The Industrial Age Political Order

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Politics has been shifting along with the evolution in the economy. The problem is that most people’s mindset has still been stuck with arch...

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