Tweet Thomas Hobbs, who was born into the waning years of the 16th Century and lived three-quarters of the way through the 17th Century, in his great work, Leviathan, characterized man’s life as “solitary, poor, nasty, brutish, and short.” He was not an optimist. Hobbs may have been a pessimist, but he was also quite [...]
Tag Archive 'Moral Hazard'
Tweet It all started when my sister and I got to talking about the up-coming Olympics. I used to enjoy them when ABC presented each day’s events as a tightly packaged three-hour narrative, complete with villains (usually the Russian, French, or East German judges) and myriad heroes, whether they were the known champions who saw [...]