4,995
edits
Social Studies skills: Difference between revisions
m
→Herbert Stein's Law
| Line 922: | Line 922: | ||
* see [https://fee.org/resources/i-pencil/ I, Pencil by Leonard E. Read - Foundation for Economic Education (fee.org)] | * see [https://fee.org/resources/i-pencil/ I, Pencil by Leonard E. Read - Foundation for Economic Education (fee.org)] | ||
=== Herbert Stein's | === Herbert Stein's law === | ||
* "If something cannot go on forever, it will stop" | * "If something cannot go on forever, it will stop" | ||
* in economics and history, this concept is important for students to appreciate | * in economics and history, this concept is important for students to appreciate | ||
| Line 931: | Line 931: | ||
** example: why did such-and-such policy fail over time? | ** example: why did such-and-such policy fail over time? | ||
** source: http://en.wikipedia.org/wiki/Herbert_Stein | ** source: http://en.wikipedia.org/wiki/Herbert_Stein | ||
* Stein's law is an expression of "Regression to the Mean" (see entry) | |||
=== Jevons paradox === | === Jevons paradox === | ||