In response to my latest column at AIER, David Simon – son of the late, great Julian Simon – sent the following e-mail to me. I share it here, unaltered, with David’s kind permission.
Don:
Nice article! A couple of my father’s favorites that you might add to your list:
1. “Price always matters.” Although he only took two economics classes during his MBA and business Ph. D. programs at the U of C, he repeatedly emphasized this key principle of Chicago price theory.
2. “Sociologists [and other non-economists] ask ‘does something matter.’ Economists ‘ask how much does it matter.'”
