“The MIT Dictionary of Modern Economics calls opportunity cost ‘perhaps the most fundamental concept in economics.’”
Peter Shawn Taylor in Institute for Marriage and Family Canada Review Fall/Winter 2005
“The economist’s definition of scarcity is so broad that practically everything can be called scarce… Even if the air is free, we have limited lung capacity.”
P.J. O’Rourke Eat the Rich
In my latest National Post column I tell Lisa Raitt that to express skepticism about man-made global warming then recoil from your own words with apparent horror is the worst imaginable way to do politics or make policy.
In BOE Report I ask why people who dismiss the Pope when he expounds Catholic doctrine are all ears when he recites dogma about climate change.
“The oldest rule in economics, [U.S.] CBO director Douglas Holtz-Eakin said on Tuesday, is ‘we cannot do everything.’”
Marcus Gee in Globe & Mail August 28, 2003