This following quote comes from the blog Cafe Hayek. Social cooperation under the division of labor is the ultimate and sole source of man’s success in his struggle for survival […]
Joseph Schumpeter on Rational Ignorance
via Cafe Hayek. All of this goes to show that without the initiative that comes from immediate responsibility, ignorance will persist in the face of masses of information however complete […]
People As Individuals And Not Just Numbers In A Computer
This via Mrs M Thatcher over at Twitter.
Size of The Pie Is Not Fixed
“Most economic fallacies derive … from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.” – Milton Friedman […]
हरिशंकर परसाई जी की कुछ पंक्तियां…
हिन्दी भाषा के मेरे सबसे पसंदीदा लेखक हैं हरिशंकर परसाई जी। कई बार ऐसा हुआ है कि जब किताबों के शेल्फ रखे उनकी रचना-संग्रहों पर मेरे हाथ अनायास ही चले […]
Bastiat on Opportunity Cost of The State
When economists refer to “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. What is opportunity cost of the State? Bastiat has […]
Michael Oakeshott on Conversation and Education
An old note from an old friend (which I did not pay notice at the time) brought to my attention this quote from British philosopher and political theorist Michael Oakeshott. […]
Ludwig von Mises on The Role of Ideas
Economist Ludwig von Mises was born on this date in 1881. Following is an excerpt from his most famous work, Human Action. …Before a man aids his fellow in cutting […]
Sharad Joshi on Women’s Reservation Bill
This is what Sharad Joshi had to say on the issue of women’s reservation. The text below is a selection of key remarks made by him in the Rajya Sabha […]
Nani Palkhivala Quotes
These are select quotes of Nani Palkhivala, sourced from various editions of Freedom First magazine where Minoo Masani used to put together a full-page of quotable quotes from the fortnight […]