By Steve Song, on January 22nd, 2009

Have you ever purchased a book in a second hand book store and found when you got home that the margins of the pages were crammed with annotations? A bit like the page from James Joyce’s Ulysses at the right. Some may be irritated by the spoiling of a pristine printed page but I confess [...]
By Steve Song, on March 24th, 2008

The Economic Value of Taking Things Apart
In the Concise Encyclopedia of Economics, Paul Romer writes:
“Economic growth occurs whenever people take resources and rearrange them in ways that are more valuable. A useful metaphor for production in an economy comes from the kitchen. To create valuable final products, we mix inexpensive ingredients together according to a [...]
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