May 30, 2008
Building Brand Equity: The Third Man

Mike Hammock and I show a few movies every semester to illustrate basic economic principles. One of our favorites is The Third Man. Our educational note (under review at The American Economist) about the movie is here.

Posted by Art Carden at 04:19 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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