Part of the reason for me becoming an economist,
especially one interested in transaction costs, is because of my dad. I
recall him
telling a story about a grain elevator owner. The elevator was old and
run
down, and it was decided to build a new one on the other side of the
street.
After completion, the owner hired a man to burn the old elevator
down
in order he might collect the insurance. He told the arsonist to burn
the
elevator on the left as you came into town. Unfortunately, the man came
in
from the other direction, and burned the new elevator!
That story has all the elements of myth and folklore, and it probably
isn't true, but it's an example of how my dad told stories. My dad
passed away
suddenly on January 11, 2004 from complications from a non-viral
pneumonia.
Below is the Eulogy I gave at his memorial, with a few pictures added.
A. W.
"Bud" Allen
April 13, 1932 - January 11, 2004