I meant several months ago – but am remembering only now – to link to this audio recording of one of the final lectures given by the late, great University of Washington economist Paul Heyne . (HT James McCammon) (Paul’s textbook, The Economic Way of Thinking  – now in its 12th edition and co-authored with my colleague Pete Boettke and Pete’s long-ago GMU Econ classmate Dave Prychitko – offers a spectacularly good and wonderfully unique introduction to the phenomenon described by its title.)
My sincere thanks to Steve Landsburg for this post .
Cafe patrons know how highly I esteem the work of UCLA economist Harold Demsetz. David Henderson offers some insight into why Harold deserves such esteem – indeed, why Harold deserves far more esteem than he has so far received .