Production Theory

All action is really exchange. What the actor prefers less is exchanged for something he prefers more, including gift giving. It is a fallacy to say that the goods exchanged have equal value.

You know, socialist governments are just so sweet. They pay people to take vacations, and surely no one can complain about that!

I’ve been completely captivated by this series of inter

Free — no matter where it comes from — can help sell.

[Cross posted at Organizations and Markets]

Statism resounds in the last two paragraphs of

3/13/05

Yesterday afternoon, my friend, who has recently moved to the Left Coast, pointed to

In product development there are two kinds of errors.

Once again, Penn and Teller hilariously explode the myths and superstitions about capitalism with a healthy contempt and a plethora of curse words,