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{ 2008 09 23 }

Second Rule of Economics

Everything you do has unexpected consequences.

So does not doing anything.

Posted by Charlie on Tuesday, September 23, 2008, at 10:37 (@484). Filed under Maxims. Follow any responses to this post with its comments RSS feed. You can post a comment or trackback from your blog.

{ 2 } Comments

  1. NTW | 2008-Sep-23 at 18:06 (@795) | Permalink

    Remark:

    The “precautionary principle” is one of the best-known decision principles that ignores the second rule.

    http://en.wikipedia.org/wiki/Precautionary_principle

  2. Charlie | 2008-Sep-23 at 18:13 (@800) | Permalink

    Yes, not to mention the nursery rhyme “Little Bo Peep”.

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