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There ain't no such thing as a free lunch

Index There ain't no such thing as a free lunch

"There ain't no such thing as a free lunch" (alternatively, "There is no such thing as a free lunch" or other variants) is a popular adage communicating the idea that it is impossible to get something for nothing. [1]

64 relations: Acronym, Alan Guth, Arbitrage, Barry Commoner, Baseball Prospectus, Carbon dioxide, Closed system, Cockaigne, Columbia Law Review, E. W. Scripps Company, Economic efficiency, Economics, Electrical engineering, Externality, Ferenc Gyurcsány, Fiorello H. La Guardia, Fred Brooks, Free lunch, Free market, Free software, Free-rider problem, Gratis versus libre, Greg Mankiw, Herb Sutter, Leonard Porter Ayres, Libertarianism, Machine learning, Major League Baseball, Mathematical finance, Merryle Rukeyser, Metabolism, Milton Friedman, Monograph, Nebuchadnezzar II, New York City, No Free Lunch (organization), No free lunch in search and optimization, No-arbitrage bounds, Oelwein, Iowa, Oligarchy, Open system (systems theory), Opportunity cost, Parable of the broken window, Public good, Revealed preference, Richard Stallman, Robert A. Heinlein, Robert Caro, Rudyard Kipling, Scarcity, ..., Science fiction, Second law of thermodynamics, Social cost, Statistics, Sun, Tax choice, The Moon Is a Harsh Mistress, The New York Times, Trade-off, Tragedy of the commons, United States, Western saloon, Wilson Tucker, You can't have your cake and eat it. Expand index (14 more) »

Acronym

An acronym is a word or name formed as an abbreviation from the initial components in a phrase or a word, usually individual letters (as in NATO or laser) and sometimes syllables (as in Benelux).

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Alan Guth

Alan Harvey Guth (born February 27, 1947) is an American theoretical physicist and cosmologist.

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Arbitrage

In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.

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Barry Commoner

Barry Commoner (May 28, 1917 – September 30, 2012) was an American cellular biologist, college professor, and politician.

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Baseball Prospectus

Baseball Prospectus (BP) is an organization that publishes a website, BaseballProspectus.com, devoted to the sabermetric analysis of baseball.

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Carbon dioxide

Carbon dioxide (chemical formula) is a colorless gas with a density about 60% higher than that of dry air.

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Closed system

A closed system is a physical system that does not allow certain types of transfers (such as transfer of mass and energy transfer) in or out of the system.

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Cockaigne

Cockaigne or Cockayne is a land of plenty in medieval myth, an imaginary place of extreme luxury and ease where physical comforts and pleasures are always immediately at hand and where the harshness of medieval peasant life does not exist.

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Columbia Law Review

The Columbia Law Review is a law review edited and published by students at Columbia Law School.

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E. W. Scripps Company

The E. W. Scripps Company is an American broadcasting company founded in 1878 as a chain of daily newspapers by Edward Willis "E. W." Scripps.

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Economic efficiency

Economic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt.

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Electrical engineering

Electrical engineering is a professional engineering discipline that generally deals with the study and application of electricity, electronics, and electromagnetism.

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Externality

In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit.

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Ferenc Gyurcsány

Ferenc Gyurcsány (born 4 June 1961) is a Hungarian entrepreneur and politician.

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Fiorello H. La Guardia

Fiorello Henry La Guardia (born Fiorello Enrico La Guardia) (December 11, 1882September 20, 1947) was an American politician.

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Fred Brooks

Frederick Phillips "Fred" Brooks Jr. (born April 19, 1931) is an American computer architect, software engineer, and computer scientist, best known for managing the development of IBM's System/360 family of computers and the OS/360 software support package, then later writing candidly about the process in his seminal book The Mythical Man-Month.

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Free lunch

A free lunch is a sales enticement that offers a meal at no cost in order to attract customers and increase revenues from other offerings.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Free software

Free software or libre software is computer software distributed under terms that allow users to run the software for any purpose as well as to study, change, and distribute it and any adapted versions.

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Free-rider problem

In economics, the free-rider problem occurs when those who benefit from resources, public goods, or services do not pay for them, which results in an underprovision of those goods or services.

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Gratis versus libre

The English adjective free is commonly used in one of two meanings: "for free" (gratis) and "with little or no restriction" (libre).

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Greg Mankiw

Nicholas Gregory Mankiw (born February 3, 1958) is an American macroeconomist and the Robert M. Beren Professor of Economics at Harvard University.

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Herb Sutter

Herb Sutter is a prominent C++ expert.

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Leonard Porter Ayres

Leonard Porter Ayres (September 15, 1879 – October 29, 1946) was an American educator, soldier, and statistician.

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Libertarianism

Libertarianism (from libertas, meaning "freedom") is a collection of political philosophies and movements that uphold liberty as a core principle.

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Machine learning

Machine learning is a subset of artificial intelligence in the field of computer science that often uses statistical techniques to give computers the ability to "learn" (i.e., progressively improve performance on a specific task) with data, without being explicitly programmed.

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Major League Baseball

Major League Baseball (MLB) is a professional baseball organization, the oldest of the four major professional sports leagues in the United States and Canada.

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Mathematical finance

Mathematical finance, also known as quantitative finance, is a field of applied mathematics, concerned with mathematical modeling of financial markets.

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Merryle Rukeyser

Merryle Stanley Rukeyser (January 3, 1897 – December 21, 1988), was an American journalist and educator in finance and economics.

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Metabolism

Metabolism (from μεταβολή metabolē, "change") is the set of life-sustaining chemical transformations within the cells of organisms.

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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Monograph

A monograph is a specialist work of writing (in contrast to reference works) on a single subject or an aspect of a subject, often by a single author, and usually on a scholarly subject.

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Nebuchadnezzar II

Nebuchadnezzar II (from Akkadian dNabû-kudurri-uṣur), meaning "O god Nabu, preserve/defend my firstborn son") was king of Babylon c. 605 BC – c. 562 BC, the longest and most powerful reign of any monarch in the Neo-Babylonian empire.

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New York City

The City of New York, often called New York City (NYC) or simply New York, is the most populous city in the United States.

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No Free Lunch (organization)

No Free Lunch was a US-based advocacy organization holding that marketing methods employed by drug companies influence the way doctors and other healthcare providers prescribe medications.

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No free lunch in search and optimization

In computational complexity and optimization the no free lunch theorem is a result that states that for certain types of mathematical problems, the computational cost of finding a solution, averaged over all problems in the class, is the same for any solution method.

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No-arbitrage bounds

In financial mathematics, no-arbitrage bounds are mathematical relationships specifying limits on financial portfolio prices.

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Oelwein, Iowa

Oelwein is a city in Fayette County, Iowa, United States.

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Oligarchy

Oligarchy is a form of power structure in which power rests with a small number of people.

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Open system (systems theory)

An open system is a system that has external interactions.

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Opportunity cost

In microeconomic theory, the opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice in terms of the best alternative while making a decision.

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Parable of the broken window

The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay Ce qu'on voit et ce qu'on ne voit pas (That Which We See and That Which We Do Not See) to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society.

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Public good

In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.

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Revealed preference

Revealed preference theory, pioneered by economist Paul Samuelson, is a method of analyzing choices made by individuals, mostly used for comparing the influence of policies on consumer behavior.

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Richard Stallman

Richard Matthew Stallman (born March 16, 1953), often known by his initials, rms—is an American free software movement activist and programmer.

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Robert A. Heinlein

Robert Anson Heinlein (See also the biography at the end of For Us, the Living, 2004 edition, p. 261. July 7, 1907 – May 8, 1988) was an American science-fiction writer.

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Robert Caro

Robert Allan Caro (born October 30, 1935) is an American journalist and author known for his biographies of United States political figures Robert Moses and Lyndon B. Johnson.

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Rudyard Kipling

Joseph Rudyard Kipling (30 December 1865 – 18 January 1936)The Times, (London) 18 January 1936, p. 12 was an English journalist, short-story writer, poet, and novelist.

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Scarcity

Scarcity refers to the limited availability of a commodity, which may be in demand in the market.

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Science fiction

Science fiction (often shortened to Sci-Fi or SF) is a genre of speculative fiction, typically dealing with imaginative concepts such as advanced science and technology, spaceflight, time travel, and extraterrestrial life.

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Second law of thermodynamics

The second law of thermodynamics states that the total entropy of an isolated system can never decrease over time.

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Social cost

Social cost in economics is the sum of the private costs resulting from a transaction and the costs imposed on the consumers as a consequence of being exposed to the md's transaction for which they are not compensated or charged.

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Statistics

Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data.

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Sun

The Sun is the star at the center of the Solar System.

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Tax choice

In public choice theory, tax choice (sometimes called taxpayer sovereignty or earmarking) is the belief that individual taxpayers should have direct control over how their taxes are spent.

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The Moon Is a Harsh Mistress

The Moon Is a Harsh Mistress is a 1966 science-fiction novel by American writer Robert A. Heinlein, about a lunar colony's revolt against rule from Earth.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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Trade-off

A trade-off (or tradeoff) is a situational decision that involves diminishing or losing one quality, quantity or property of a set or design in return for gains in other aspects.

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Tragedy of the commons

The tragedy of the commons is a term used in social science to describe a situation in a shared-resource system where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling that resource through their collective action.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Western saloon

A Western saloon is a kind of bar particular to the Old West.

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Wilson Tucker

Arthur Wilson "Bob" Tucker (November 23, 1914 – October 6, 2006) was an American theater technician who became well known as a writer of mystery, action adventure, and science fiction under the name Wilson Tucker. Tucker was also a prominent member of science fiction fandom, who wrote extensively for fanzines under the name Bob Tucker, a family nickname bestowed in childhood (his own mispronunciation of the nickname "Bub").

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You can't have your cake and eat it

You can't have your cake and eat it (too) is a popular English idiomatic proverb or figure of speech.

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References

[1] https://en.wikipedia.org/wiki/There_ain't_no_such_thing_as_a_free_lunch

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