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This reminds me of Frédéric Bastiat and his essay "That Which is Seen, and That Which is Not Seen". Nicely formatted at http://bastiat.org/en/twisatwins.html ht
by alan-crowe 8y ago
This reminds me of Frédéric Bastiat and his essay "That Which is Seen, and That Which is Not Seen". Nicely formatted at http://bastiat.org/en/twisatwins.html http://bastiat.org/en/twisatwins.html
The article notes that "It’s often easier to identify when people didn’t adequately consider the second and subsequent order impacts." That failure to consider the second order impacts is what Bastiat refers to as "That Which is Not Seen"
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