Saturday, July 15, 2006

The Wisdom of PJ

The Marginal Revolution links to PJ O'Rourke's review of Adam Smith's The Theory of Moral Sentiments. O'Rourke has many things to recommend him: he is very funny, he is very insightful, and he has a Miami degree. I can give you no better advice on how to start to understand economic growth than to urge you to read his book Eat the Rich.

Wednesday, July 05, 2006

Dilbert illustrates Coase

There is an important lesson on the here. For background on Coase's theorem go here or better yet go here.