How did the economy produce all these amazing things that we have around us - computers and cell phones and so on? There were a bunch of ideas, and the good ones grew and prospered. And the bad ones were pretty ruthlessly weeded out.
Tim HarfordThe more grotesque your boss's pay and the less he has do to earn it, the bigger the motivation for you to work with the aim of being promoted to what he has.
Tim HarfordI see the God complex around me all the time in my fellow economists. I see it in our business leaders. I see it in the politicians we vote for - people who, in the face of an incredibly complicated world, are nevertheless absolutely convinced that they understand the way that the world works.
Tim Harford