There are a lot of pithy restatements of Bellman's principle - I'm looking for a good one to use in this paper. The best one I can find is Aris (1964) which is still a little clunky (although fun): “If you don’t do the best with what you happen to have got, you’ll never do the best you might have done with what you should have had”
Does anyone know a more accessible restatement?
Private property in the means of production...
4 hours ago