Tag Archive: allocation of scarce resources

  • Science: A Short Story

    Several years ago Uncle Sam declared Jones, a man in his mid-40s, to be uniquely entitled to retire immediately at double his real annual income of $100,000 for life. ¬†Jones took Uncle Sam up on this offer. ¬†Each and every year until Jones enters oblivion Uncle Sam now transfers to him $200,000. Jones is made […]

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