Live better with economics — Concepts for clarity, calm and conscious decisions
Economic Knowledge pays off
“An investment in knowledge pays the best interest.”
Polymath and Founding father
“Risk comes from not knowing what you’re doing.”
Investor and Businessman
- Open secrets
Let’s say I own a public good with limited or costly excludability, as well as loose rivalry — a private beach. That is, I want my beach to be enjoyed freely and responsibly by a reasonable number of people. But I neither want to pay for a bouncer nor clean the beach myself. What to do is an open secret.
