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  • Has Capitalism Created a Wasteful Excess of Managers?

    Has Capitalism Created a Wasteful Excess of Managers?1

    Have you noticed there seem to be a lot of managers nowadays? It’s not just you. Professors at the Harvard Business Review estimate there is one manager for every 4.7 employees and claim this excessive amount of paper-pushers leads to a total loss of $3 trillion dollars per year in the US. This amount of waste

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  • The Economics of ‘Mending Wall’

    The Economics of ‘Mending Wall’3

    Mending Wall, the endearing 1914 poem by Robert Frost, offers important lessons about economics and cooperation. While the poem contains lessons about balancing tolerance and acceptance, modernity and tradition, and perhaps the efficacy of national borders, it remains open to interpretation. The surface-level message, repeated twice in the poem, is that “good fences make good neighbors,” which

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  • Five-Dollar Eggs and the Gift of Productivity

    Five-Dollar Eggs and the Gift of Productivity2

    A dozen eggs now cost five dollars at my local grocery store. I would complain, but given that some people are reporting nine dollar eggs, it seems like a better idea to just shut up, be grateful, and ration the eggs I do have. An even better move would be to consider how smart my neighbor John*

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