I recently attended the Austrian Economics Research Conference, which is held annually at the Mises Institute on the campus of Auburn University. After an inspiring day of presentations, I began my trek back to the Auburn University Hotel. As I made my way down the sidewalk, I found myself walking along a well-trodden dirt path. Soon enough I was back on the sidewalk, and I turned around, quickly realizing I had taken the “wrong” path. The correct one entailed taking a sharp left turn, walking up a set of stairs, and then continuing along the sidewalk at the top. This path seemed rather unintuitive, however. Why would I walk up a flight of stairs when I could simply continue walking in a straight line, all to ultimately end up in the same place? I came to a realization: I didn’t take the

Read More »