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We Can Get Fooled By Good Intentions
Public officials respond to incentives like all of us. We must remember that self-interest doesn’t disappear simply because someone wants to be a public…
Jun 1
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May 2026
Why "Better Leadership" Isn't Always Enough
Every growing company hits cross-functional coordination problems. The standard default advice is to fix this through better leadership. That's rarely…
May 30
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We Sometimes Create Spillovers
Not every cost or benefit stays between the buyer and seller. When our actions spill over onto others, understanding why it happens matters.
May 25
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We Are Better When Exchange Is Voluntary
Voluntary exchange creates value because both sides choose to participate. When decisions are made for us we lose the information and feedback.
May 18
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Innovation and Optimization at War
One Takeaway: The skills and tools that help with optimization often prevent companies from innovating.
May 13
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We Need Good Rules More Than Good Rulers
A successful economy depends more on good rules than wise overseers. Clear, consistent rules allow people to cooperate, and plan; even when no one is in…
May 11
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We Can't Calculate Without Prices
One Takeaway: Without prices that reflect reality, no one, not even the smartest, most informed planner, can know how best to use scarce resources.
May 4
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Why Structure Determines Strategy
One Takeaway: Organizational structure isn’t really about org charts or reporting lines. It’s about economic trade-offs between specialization and…
May 1
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April 2026
We Don't (and Shouldn't) Control What Others Own
Property rights make exchange, investment, and cooperation possible. Without them, markets can’t function and progress stalls.
Apr 27
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We Each Know Different Things (And No One Knows Everything)
No one person has all the knowledge in the world. The best systems are those that help us use what we know to make better decisions.
Apr 20
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We Need More Than Headlines
Statistics are helpful summaries, but they offer limited explanations of how the economy is doing. It's better to focus on principles vs managing…
Apr 13
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Bad Rules Beat Good People
Leadership must design systems where cooperation becomes the default. Get the system right and you don’t need everyone to be the ideal version of…
Apr 10
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