Price and the “Law of Unintended Consequences”

  • Richard B. McKenzie
  • Gordon Tullock
Chapter

Abstract

Economics is as much a communicable disease as it is a discipline. Economics is a way of thinking about everything and coming to a better understanding of life. When you catch it, the way of thinking (by way of learning a few basic but powerful economic principles), it is hard not to see most of life’s large and small events as economic puzzles worthy of reflection and solution.

Keywords

Alert Status Safety Seat Transportation Security Administration Price Puzzle Apple Store 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Richard B. McKenzie
    • 1
  • Gordon Tullock
    • 2
  1. 1.Paul Merage School of BusinessUniversity of California, IrvineIrvineUSA
  2. 2.Law & Economics CenterGeorge Mason UniversityArlingtonUSA

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