"Ironically, the birth of a child is registered as a reduction in national income per head, while the birth of a farm animal shows up as an improvement."

-PETER BAUER (1991)

Each passing year makes me more and more aware of human beings' astounding capacity for overlooking the obvious. I have in mind here not those parts of reality that can be understood only with specialized training-say, professional economists' knowledge that the elasticity of a demand curve isn't its slope. Nor do I have in mind aspects of reality that can be known only through experience-say, the reality that French chardonnays taste very different from California chardonnays, or that the Boston Red Sox are destined ...

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