Steven E. Landsburg
Seatbelts can increase risky driving, sold-out concerts can be underpriced on purpose, and many social problems trace back to missing prices. By viewing the world through economic incentives, everyday mysteries become easier to explain.
People adjust their behavior based on perceived risks and rewards, so safety regulations like seatbelt laws can unintentionally change driving behavior in harmful ways.
The Indifference Principle suggests that unless an individual possesses a uniquely rare skill or preference, competition will tend to eliminate extraordinary advantages in a given market.
Economic inefficiencies often stem not from too much capitalism but from missing markets, such as unowned resources like clean air or endangered species that lack a price to govern their use.