Monday, April 20, 2009

Two on Inefficiency and Happiness

  • Caleb Stegall offers an anecdote from 1947, when "two titans of 20th-century economic theory, Ludwig von Mises and Wilhelm Röpke, met in Röpke’s home of Geneva, Switzerland;" what the former called "[a] very inefficient way of producing foodstuffs" the latter called "a very efficient way of producing human happiness" — Price, Liberty and the Pursuit of Happiness.


  • An American Maryknoll father offers a personal anecdote from his first days in Korea of seeing three men using one shovel (the other two helped with ropes) and thinking that "they could do more work doing it separately but it would not be as much fun" — ONE PLUS ONE IS NOT ALWAYS TWO.
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    Omnes Sancti et Sanctæ Coreæ, orate pro nobis.