{
    "href": "/post/2010/06/20/ten-pillars-of-economic-wisdom/",
    "relId": "2010/06/20/ten-pillars-of-economic-wisdom",
    "title": "Ten pillars of economic wisdom",
    "author": "pmjones",
    "markup": "html",
    "tags": [
        {
            "href": "/tag/economics/",
            "relId": "economics",
            "title": "Economics",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        }
    ],
    "created": "2010-06-20 16:35:51 UTC",
    "updated": [
        "2010-06-20 16:35:51 UTC"
    ],
    "html": "<blockquote>\n<p>1. TANSTAAFL: There ain't no such thing as a free lunch.</p>\n<p>2. Incentives matter.</p>\n<p>3. Economic thinking is thinking on the margin.</p>\n<p>4. The only way to create wealth is to move it from a lower valued to a higher valued use. Corollary: Both sides gain from exchange.</p>\n<p>5. Information is valuable and costly.</p>\n<p>6. Every action has unintended consequences.</p>\n<p>7. The value of a good or service is subjective.</p>\n<p>8. Costs are a bad, not a good.</p>\n<p>9. The only way to increase a nation&amp;apos;s real income is to increase its real output.</p>\n<p>10.  Competition is a hardy weed, not a delicate flower.</p>\n</blockquote>\n<p>via <em><a href=\"http://www.igreens.org.uk/ten_pillars_of_economic_wisdom.htm\">Ten pillars of economic wisdom</a></em>.</p>\n"
}