Letters to the Future An Essay from Field Notes on Science and Nature by John D. Perrine & James L. Patton The lapse of many yearsThe Grinnell SystemJim's systemJohn's systemRecord them all+3 More
You cannot consume what is not produced The only law of economics that I believe in is Hamming’s law: “You cannot consume what is not produced.” There is not another single reliable law in all of economics I know of which is not either a tautology in mathematics or else sometimes false. Richard Hamming, The Art of Doing Science and Engineering: Learning to Learn Scientific writing economics