Quotation of the Day…

(Don Boudreaux)

Tweet

… is from page 96 of University of Notre Dame philosopher James Otteson’s superb, hot-off-the-Cambridge-University-Press book, Seven Deadly Economic Sins (2021):

Because opportunity cost is “unseen,” however, meaning that forgone uses of our resources are not actually realized and hence must be imagined, it is easy to neglect or forget them. But opportunity cost cannot be evaded by being ignored, and it is no less real for being unseen.