May 20, 2004

Two Things

A few years ago, I was chatting with a stranger in a bar. When I told him I was an economist, he said, "Ah. So… what are the Two Things about economics?"
"Huh?" I cleverly replied.

"You know, the Two Things. For every subject, there are really only two things you really need to know. Everything else is the application of those two things, or just not important."
"Oh," I said. "Okay, here are the Two Things about economics. One: Incentives matter. Two: There’s no such thing as a free lunch."

>What are your "two things" for your job?

I found this at

Posted by Gary LaPointe Posted on Thu, May 20, 2004 (ID #LM000460) | TrackBack
Return to The Daily Meme