Kenneth Boulding, President Kennedy’s environmental adviser said something about this: “Anyone who believes in indefinite growth in anything physical, on… Read more Mad or Economist…

Wages are the opportunity cost of leisure. The higher the wage rate, the more hours of leisure a worker will… Read more Wages are the opportunity cost of leisure

We don’t make choices based on our internal preferences. Instead, we have a gut feeling about what it is we… Read more We don’t make choices…