Innovation Has A Lot To Do With

Human Beings, Viewed As Behaving Systems, Are Quite Simple. The Apparent Complexity Of Our Behavior Over Time Is Largely A Reflection Of The Complexity Of The Environment In Which We Find Ourselves.

No One Has Characterized Market Mechanisms Better Than Friedrich Von Hayek

Assuming That A Tax Increase Is Necessary, It Is Clearly Preferable To Impose The Additional Cost On Land By Increasing The Land Tax, Rather Than To Increase The Wage Tax - The Two Alternatives Open To The City (of Pittsburgh). It Is The Use And Occupancy Of Property That Creates The Need For The Municipal Services That Appear As The Largest Item In The Budget - Fire And Police Protection, Waste Removal, And Public Works. The Average Increase In Tax Bills Of City Residents Will Be About Twice As Great With Wage Tax Increase Than With A Land Tax Increase.

What Information Consumes Is Rather Obvious: It Consumes The Attention Of Its Recipients. Hence A Wealth Of Information Creates A Poverty Of Attention, And A Need To Allocate That Attention Efficiently Among The Overabundance Of Information Sources That Might Consume It.

Engineers Are Not The Only Professional Designers. Everyone Designs Who Devises Courses Of Action Aimed At Changing Existing Situations Into Preferred Ones. The Intellectual Activity That Produces Material Artefacts Is No Different Fundamentally From The One That Prescribes Remedies For A Sick Patient Or The One That Devises A New Sales Plan For A Company Or A Social Welfare Policy For A State.