A Stone Thrown into a Still Pond: Economics in One Lesson and Second Order Effects

Posted on by Chief of Tinkering

Henry Hazlitt’s popular book ‘Economics in One Lesson’ has been recommended to me many times so I finally took the time to read it. The structure of the book is Hazlitt’s interpretation of economics, the study of how society allocates scarce resources with alternative uses, boiling down to one major fundamental lesson. He presents this … Continue reading A Stone Thrown into a Still Pond: Economics in One Lesson and Second Order Effects

Why the Ends Never Justifies the Means

Posted on by Chief of Tinkering

The ‘end’: the theoretical objective of what one or many set out to achieve. The ‘means’: the ways in which the one or many try to achieve the ‘end’. Problem #1 There is never an end unless we’re talking about ‘The End’. ‘The End’ is the actual end of life. Humans and their pursuits cease … Continue reading Why the Ends Never Justifies the Means

The Diseconomies of Scale Series

Posted on by Chief of Tinkering

This series will focus on the reasons behind diseconomies of scale.  Diseconomies of scale are the cost disadvantages that organizations accumulate due to an increase in organizational size or output.  It results in the production of goods and services at increased per-unit costs.  This is problematic since one of the main benefits of scaling is … Continue reading The Diseconomies of Scale Series