Time certainly does have a way of flying by. Here it is five weeks since my last post. At the moment we are at Sea Castles Resort in Ogunquit, ME with Katie, Savanna and Brendon. We got in late last night, after 11:00pm, because we had a Hallowell rehearsal last evening that we really did not want to miss. So we left for Maine after the rehearsal. It was raining hard and the visibility was poor, but we made it ok. Most of the way we listened to a lecture on How to Think Like an Economist. Let me see if can remember the six principles of economics: (1) People respond to incentives; (2) There is no free lunch - everything has an opportunity cost; (3) Every transaction is always at least two things - i.e., every sale is also a purchase; every credit is a debit, etc.; (4) There are inevitable unexpected influences (butterfly effect), (5) there are always unintended consequences; (6) we are never in complete control. Then there's marginality, optimization and efficiency.
This morning I've already had a swim and now we are gearing up for a walk and a visit to the Ogunquit Art Museum which is still open this late in the season. The weather has cleared and it is a beautiful day.
Friday, October 17, 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment