*Prometheus* (some economic notes)

The years to 2090 show remarkable technological progress in transportation and health care delivery and artificial intelligence.  Labor-saving innovation eliminates even the job of Peter O’Toole.  Before departing on an interstellar mission, have each crew member read Richard Epstein’s Simple Rules for a Complex World.  Do not bring anyone who was brought up in a barn.  Not all animals are cute.  It is possible to signal that you have a really important message to be heeded.  When making a project shutdown decision, it is long-run marginal variable cost which matters.  Rates of capital depreciation are sometimes lower than you think.


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