Ronald Bailey at Reason reports on some interesting ideas about the complexity, and individual freedom, in cost-benefit analysis. The idea that every opportunity appears differently to each observer accounts for the unintended consequences of treating us as collectives.
Wednesday, June 25, 2008
Does the Invisible Hand Need a Helping Hand?
Labels:
bureaucrat,
economics,
libertarian,
nanny state,
police state,
unintended consequences
at
7:59 AM
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