Friday, May 29, 2009

Economics Epigraph

The authors of Marginal Revolution are releasing their own economics textbook and asked their readers for a fitting epigraph. I think they chose a good one:
Economics is the study of how to get the most out of life.
What a great explanation of how important efficiency is. Sometimes I'm guilty of portraying the market as uncaring and cold, but that's only true if the collective decisions of the people are uncaring and cold. Efficiency is letting the most people get the most good. Not too bad for the "dismal science".

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