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The Pareto Principle

The Pareto Principle, also known as the 80/20 rule, states that for many outcomes, roughly 80% of consequences come from 20% of the causes. This co...

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Roundabout Production

The Austrian insight that production becomes more physically productive the more it is broken into indirect, capital-using stages spread out over t...

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Job Counts Are Not the Measure of Prosperity

"Billionaires don't create jobs: large corporations cut 173,000 positions while small and mid-sized businesses added 1.9 million."

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