Everybody has only a 24-hour day. Most people, if they increase consumption of one medium (like magazines or books) will cut down on another (like TV). This drastically reduces the sort of growth some people have been expecting.
This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
... sometimes when you are asked a question that is difficult, the mind doesn't stay silent if it doesn't have the answer. The mind produces something, and what it produces very characteristically is the answer to an easier but related question.
People who face a difficult question often answer an easier one instead, without realizing it.
The big thing that Giannis brings to the game for us is pace, being able to get up and down the floor and play fast. We got to continue to do that and not lose momentum when he comes out of the game.
No nation is drunken where wine is cheap, and none sober where the dearness of wine substitutes ardent spirits as the common beverage
Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous demand.
Play, as a consumers' good, is subject to the law of marginal utility, as are all goods, and the time spent in play will be balanced against the utility to be derived from other obtainable goods.
Driving jobholders out of office is like the old discredited policy of driving prostitutes out of town. Their places are immediately taken by others who are precisely like them.
With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.
So doth the greater glory dim the less: A substitute shines brightly as a king Until a king be by.
