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Kat M
https://www.goodreads.com/kat_m_123
“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”
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“If one machine can be used to make X (and nothing else) and another can be used to make Y, and each uses the same raw materials in the same amounts to make a unit of its product, and X is more valuable than Y, then the first machine is more valuable than the second, even if each machine contains the same raw materials and took the same amount of time to make. The first machine, having a more valuable final product, will command a higher price than the second. This may give rise to the illusion that its products are more valuable because it is more valuable. But this gets things backwards. It is more valuable because its products are.”
― Anarchy, State, and Utopia
― Anarchy, State, and Utopia
Maryland Revolution Book Club
— 36 members
— last activity Jan 23, 2016 11:32AM
UPDATE: This Book Club now meets virtually, as the core members have been dispersed around the country. Original group description: Book club in Mar ...more
Kat’s 2025 Year in Books
Take a look at Kat’s Year in Books, including some fun facts about their reading.
74 books
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75 friends
659 books
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121 friends
1,584 books
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134 friends
292 books
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266 friends
43 books
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109 friends
292 books
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59 friends
242 books
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44 friends
53 books
|
90 friends
More friends…
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