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Henry Hazlitt does an excellent job presenting the importance of recognizing and always taking into consideration the likely unseen and unintended consequences of intended action in the realm of economics in his classic book Economics in One Lesson.
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Awareness of the Unicorn Problem helps to shine light on why it is that our aspirational good intentions to achieve outstanding results – in politics and in the workplace – so often differ widely from our capabilities and our profound disappointment in the actual results of our collective team efforts.
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The impossible task we each have in assessing the effectiveness of our thinking and action is that we cannot observe the results of actions not taken.
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Mises held that the virtue of economics was its particular capability in providing insight into the link between human values, human action and desired outcomes. He advocated for a distinct economic way of thinking as a valid and necessary extension of logic, and therefore easily available to everybody.
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An irony of launching ourselves into actions to remove obstacles to our well-being is that often the decisions and actions we take actually lead us in the opposite direction.
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We live in a culture that would be better served by a more comprehensive understanding of the interrelationship between good ideas and good living.
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I just finished reading Rework by Jason Fried and David Heinemeier Hanson and enjoyed it. Here are a dozen of my favourite quotes from the book.
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Those who have studied the history of Walt Disney Studios know…
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Toward the end of my teenage years, in the late 1970s, I was…
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In a recent episode of The Human Action Podcast by the…