Economics is neither a set of questions, nor a set of answers. It is an approach to understanding behavior.
David Friedman, Law’s Order
Archive.org: https://archive.org/details/what-economics-has-to-do-with-law.-david-firedman-keith-knight
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https://youtu.be/D9hKJsP0z_g On the free market, firms strive to satisfy the customer, and constantly look for new and improved ways of doing business. Why? The profit motive: Firms that make customers happy prosper, and firms that don't go out of business. - Bryan...
https://youtu.be/XvlVtoRCAV8 “Retaliation was certain if we carried the war into Germany…Yet, because we were doubtful about the psychological effect of propagandist distortion of the truth that it was we who started the strategic offensive, we have shrunk from giving...
https://youtu.be/BSJqaADbvng People who depict markets as cold, impersonal institutions, and their own notions as humane and compassionate, have it directly backwards. It is when people make their own economic decisions, taking into account costs that matter to...
