128 books
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72 voters


“To understand our civilisation, one must appreciate that the extended order resulted not from human design or intention but spontaneously: it arose from unintentionally conforming to certain traditional and largely moral practices, many of which men tend to dislike, whose significance they usually fail to understand, whose validity they cannot prove, and which have nonetheless fairly rapidly spread by means of an evolutionary selection – the comparative increase of population and wealth – of those groups that happened to follow them.”
― The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1)
― The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek Book 1)

“Nonlinearities are important not only because they confound our expectations about the relationship between action and response. They are even more important because they change the relative strengths of feedback loops. They can flip a system from one mode of behavior to another.”
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“Systems thinkers see the world as a collection of stocks along with the mechanisms for regulating the levels in the stocks by manipulating flows.”
― Thinking in Systems: A Primer
― Thinking in Systems: A Primer
“Music, more than money, is the tonic of happiness. Music helps to create moments and social occasions, memories and emotions. This is the secret of music, and it is the reason that, as Neil Young famously sang, “rock and roll will never die.”
― Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life
― Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life

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