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Assume We Do

Scott Adams has a very funny Dilbert today about making assumptions based on assumptions to make business decisions. It isn't just economists who are prone to make an "ass out of you and me."

Like the old joke (courtesy of Alan Xian Yang's website):

"Q: How many mainstream economists does it take to change a light bulb?

A: Two. One to assume the existence of ladder and one to change the bulb."

Or perhaps even worse:

"Q: How many Chicago School economists does it take to change a light bulb?

A: None. If the light bulb needed changing the market would have already done it."

Of course, there are plenty of things that need doing but haven't been done for one reason or another. Creativity and individual initiative are still needed to make the free-market a nice place for us to live. If everyone sat around assuming that someone else would do everything, not much would get done.

-- Kevin D. Rollins

Free-for-all (frfr-ôl) -- n. A disorderly fight, argument, or competition in which everyone present participates.

from Dictionary.com



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