economics in one lesson

Of Markets, Money and Monopolies

Posted on March 15, 2023 by bronwynruthwilliams in economics, futurenomics

Sometimes a picture gets the point across quicker. Money is a necessary evil for allocating real scarcity - therefore it needs to be definitively scarce itself. Markets make more (good for maximising and allocating goods, bad). Monopolies make less (good for limiting bads; evil for limiting goods). Artificial abundance has unintended consequences (artificial goods can … Continue reading Of Markets, Money and Monopolies →

Posted on December 17, 2020 by bronwynruthwilliams in futurenomics, Reading Right Now

“The art of economics consists in looking not merely at the immediate but at the longer effects of policy; it consists in tracing the consequences of that policy not merely for one group but for all groups” The premise of Henry Hazlitt's Economics in One Lesson is simple: Policy should be honest about the losers, … Continue reading Economics in One Lesson →

Zero to One

Posted on October 11, 2018 by bronwynruthwilliams in artificial intelligence, Libertarianism, observations, Reading Right Now

"A great company is a conspiracy to change the world." "Darwinism may be a fine theory in other contexts, but in startups, intelligent design works best." "Computers are compliments for humans, not substitutes. The most valuable businesses of coming decades will be built by entrepreneurs who seek to empower people rather than try to make … Continue reading Zero to One →