Source: EconLog
by Art Carden
“Look around you. No doubt you see people doing things that don’t make much sense when you think about it. Middle-aged people (like me) talk about wanting to be healthy but then (like me) still too often eat like they’re still in High School. People talk about wanting a job and don’t seek one. People litter. People throw things away that could be recycled. There’s homelessness. Jobs are especially scarce for black teenagers. The world, it seems, doesn’t make sense because it’s filled with fools and knaves. If only we could find the right strong man or woman who can make a plan and make it work … A lot of that, I suspect, is the product of a price structure that rewards what looks like foolishness and knavery. When we get the prices right, however, what looks ‘foolish’ isn’t necessarily foolish, and what looks knavish might be relatively easy to explain.” (02/19/25)
https://www.econlib.org/prices-and-the-possibility-of-civilization/