These are my private laws of economics:
- Heresy #1: People respond to incentives
- Heresy #2: People respond differently to (the same) incentives, and this creates a functioning society.
- Heresy #3: Not [All men are created equal].
I have an advanced degree in Economics from the School of Hard Knocks. I missed many classes. But as there was no government in the School of Hard Knocks, I decided to award myself the degree anyway.