HOME

TheInfoList



OR:

"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 An adage (; Latin: adagium) is a memorable and usually philosophical aphorism that communicates an important truth derived from experience, custom, or both, and that many people consider true and credible because of its longeval tradition, i ...
communicating the idea that it is impossible to get something for nothing. The
acronym An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as ...
s TANSTAAFL, TINSTAAFL, and TNSTAAFL are also used. The phrase was in use by the 1930s, but its first appearance is unknown. The "free lunch" in the saying refers to the formerly common practice in American bars of offering a "
free lunch A free lunch is the providing of a meal at no cost, usually as a sales enticement to attract customers and increase revenues from other business. It was once a common tradition in saloons and taverns in many places in the United States, with th ...
" in order to entice drinking customers. The phrase and the acronym are central to Robert A. Heinlein's 1966
science-fiction Science fiction (sometimes shortened to Sci-Fi or SF) is a genre of speculative fiction which typically deals with imaginative and futuristic concepts such as advanced science and technology, space exploration, time travel, parallel unive ...
novel ''
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 absentee rule from Earth. The novel illustrates and discusses libertarian ideals. It is respected for i ...
'', which helped popularize it. The
free-market In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ot ...
economist
Milton Friedman Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the ...
also increased its exposure and useSafire, William, ''The New York Times'', 2-14-199
"On Language; Words Left Out in the Cold"
/ref> by paraphrasing it as the title of a 1975 book,Friedman, Milton, ''There's No Such Thing as a Free Lunch'', Open Court Publishing Company, 1975. . and it is used in
economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics anal ...
literature to describe
opportunity cost In microeconomic theory, the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity. More effective it means if you chose one activity (for example ...
. Campbell McConnell writes that the idea is "at the core of economics".


History and usage


"Free lunch"

The "free lunch" refers to the once-common tradition of saloons in the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
providing a "free" lunch to patrons who had purchased at least one drink. Many foods on offer were high in salt (e.g., ham, cheese, and salted crackers), so those who ate them ended up buying a lot of beer.
Rudyard Kipling Joseph Rudyard Kipling ( ; 30 December 1865 – 18 January 1936)'' The Times'', (London) 18 January 1936, p. 12. was an English novelist, short-story writer, poet, and journalist. He was born in British India, which inspired much of his work. ...
, writing in 1891, noted how he
...came upon a bar-room full of bad Salon pictures, in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts.
TANSTAAFL, on the other hand, indicates an acknowledgement that in reality a person or a society cannot get "something for nothing". Even if something appears to be free, there is always a cost to the person or to society as a whole, although that may be a hidden cost or an
externality In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced goods involved in either co ...
. For example, as Heinlein has one of his characters point out, a bar offering a free lunch will likely charge more for its drinks.


Early uses

The earliest known occurrence of the full phrase (except for the "a"), in the form "There ain't no such thing as free lunch", appears as the punchline of a joke related in an article in the ''El Paso Herald-Post'' of June 27, 1938 (and other
Scripps-Howard 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 and his sister, Ellen Browning Scripps. It was also formerly a media conglomerate. The company is h ...
newspapers about the same time), entitled "Economics in Eight Words". In 1945, "There ain't no such thing as a free lunch" appeared in the ''
Columbia Law Review The ''Columbia Law Review'' is a law review edited and published by students at Columbia Law School. The journal publishes scholarly articles, essays, and student notes. It was established in 1901 by Joseph E. Corrigan and John M. Woolsey, who se ...
'', and "there is no free lunch" appeared in a 1942 article in the '' Oelwein Daily Register'' (in a quote attributed to economist Harley L. Lutz) and in a 1947 column by economist Merryle S. Rukeyser. In 1949, the phrase appeared in an article by Walter Morrow in the ''San Francisco News'' (published on 1 June) and in Pierre Dos Utt's
monograph A monograph is a specialist work of writing (in contrast to reference works) or exhibition on a single subject or an aspect of a subject, often by a single author or artist, and usually on a scholarly subject. In library cataloging, ''monogra ...
''TANSTAAFL: A Plan for a New Economic World Order'', which describes an
oligarchic Oligarchy (; ) is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate, r ...
political system based on his conclusions from "no free lunch" principles. The 1938 and 1949 sources use the phrase in relating a fable about a king (
Nebuchadnezzar Nebuchadnezzar II (Babylonian cuneiform: ''Nabû-kudurri-uṣur'', meaning "Nabu, watch over my heir"; Biblical Hebrew: ''Nəḇūḵaḏneʾṣṣar''), also spelled Nebuchadrezzar II, was the second king of the Neo-Babylonian Empire, ruling ...
in Dos Utt's retelling) seeking advice from his economic advisors. Morrow's retelling, which claims to derive from an earlier editorial reported to be non-existent, but closely follows the story as related in the earlier article in the ''El Paso Herald-Post'', differs from Dos Utt's in that the ruler asks for ever-simplified advice following their original "eighty-seven volumes of six hundred pages" as opposed to a simple failure to agree on "any major remedy". The last surviving economist advises that "There ain't no such thing as free lunch." In 1950, a ''New York Times'' columnist ascribed the phrase to economist (and army general) Leonard P. Ayres of the Cleveland Trust Company: "It seems that shortly before the General's death n 1946.. a group of reporters approached the general with the request that perhaps he might give them one of several immutable economic truisms that he had gathered from his long years of economic study... 'It is an immutable economic fact,' said the general, 'that there is no such thing as a free lunch.'" The September 8, 1961, issue of ''LIFE magazine'' has an editorial on page 4, "'TANSTAFL,' It's the Truth," that closes with an anecdotal farmer explaining this slight variant of TANSTAAFL.


Popularization

In 1966, author Robert A. Heinlein published his novel ''
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 absentee rule from Earth. The novel illustrates and discusses libertarian ideals. It is respected for i ...
'', in which TANSTAAFL was a central,
libertarian Libertarianism (from french: libertaire, "libertarian"; from la, libertas, "freedom") is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, and minimize the state's en ...
theme, mentioned by name and explained. This increased its use in the mainstream. Edwin G. Dolan used the phrase as the title of his 1971 book ''TANSTAAFL (There Ain't No Such Thing As A Free Lunch) – A Libertarian Perspective on Environmental Policy''.


Meanings

;Science In the sciences, TANSTAAFL means that the universe as a whole is ultimately a
closed system A closed system is a natural physical system that does not allow transfer of matter in or out of the system, although — in contexts such as physics, chemistry or engineering — the transfer of energy (''e.g.'' as work or heat) is allowed. In ...
. There is no source of matter, energy, or light that draws resources from something else which will not eventually be exhausted. Therefore, the TANSTAAFL argument may also be applied to natural physical processes in a closed system (either the universe as a whole, or any system that does not receive energy or matter from outside). (See
Second law of thermodynamics The second law of thermodynamics is a physical law based on universal experience concerning heat and energy interconversions. One simple statement of the law is that heat always moves from hotter objects to colder objects (or "downhill"), unle ...
.) The bio-ecologist
Barry Commoner Barry Commoner (May 28, 1917 – September 30, 2012) was an American cellular biologist, college professor, and politician. He was a leading ecologist and among the founders of the modern environmental movement. He was the director of the ...
used this concept as the last of his famous " Four Laws of Ecology". According to American theoretical physicist and cosmologist
Alan Guth Alan Harvey Guth (; born February 27, 1947) is an American theoretical physicist and cosmologist. Guth has researched elementary particle theory (and how particle theory is applicable to the early universe). He is Victor Weisskopf Professor of ...
"the universe is the ultimate free lunch", given that in the early stage of its expansion the total amount of energy available to make particles was very large.


Economics

In economics, TANSTAAFL demonstrates
opportunity cost In microeconomic theory, the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity. More effective it means if you chose one activity (for example ...
.
Greg Mankiw Nicholas Gregory Mankiw (; born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. Mankiw is best known in academia for his work on New Keynesian economics. Mankiw ...
described the concept as follows: "To get one thing that we like, we usually have to give up another thing that we like. Making decisions requires trading off one goal against another." The idea that there is no free lunch at the societal level applies only when all resources are being used completely and appropriately – i.e., when
economic efficiency In microeconomics, economic efficiency, depending on the context, is usually one of the following two related concepts: * Allocative or Pareto efficiency: any changes made to assist one person would harm another. * Productive efficiency: no addi ...
prevails. If not, a 'free lunch' can be had through a more efficient utilization of resources. Or, as
Fred Brooks Frederick Phillips Brooks Jr. (April 19, 1931 – November 17, 2022) was 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 O ...
put it, "You can only get something for nothing if you have previously gotten nothing for something." If one individual or group gets something at no cost, somebody else ends up paying for it. If there appears to be no direct cost to any single individual, there is a
social cost Social cost in neoclassical 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 transaction for which they are not compensated or charged. In other w ...
. Similarly, someone can benefit for "free" from an
externality In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced goods involved in either co ...
or from a public good, but someone has to pay the cost of producing these benefits. (See
Free rider problem In the social sciences, the free-rider problem is a type of market failure that occurs when those who benefit from resources, public goods (such as public roads or public library), or services of a communal nature do not pay for them or under- ...
and
Tragedy of the commons Tragedy (from the grc-gre, τραγῳδία, ''tragōidia'', ''tragōidia'') is a genre of drama based on human suffering and, mainly, the terrible or sorrowful events that befall a main character. Traditionally, the intention of tragedy i ...
.)


Finance

In
mathematical finance Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling of financial markets. In general, there exist two separate branches of finance that require ...
, the term is also used as an informal synonym for the principle of no-
arbitrage In economics and finance, arbitrage (, ) is the practice of taking advantage of a difference in prices in two or more markets; striking a combination of matching deals to capitalise on the difference, the profit being the difference between t ...
. This principle states that a combination of securities that has the same cash-flows as another security must have the same net price in equilibrium.


Statistics

In
statistics Statistics (from German: '' Statistik'', "description of a state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, indust ...
, the term has been used to describe the tradeoffs of statistical learners (e.g., in
machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...
) which are unavoidable according to the "No free lunch" theorem. That is, any model that claims to offer superior flexibility in analyzing data patterns usually does so at the cost of introducing extra assumptions, or by sacrificing generalizability in important situations.


Technology

TANSTAAFL is sometimes used as a response to claims of the virtues of
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. Free software is a matter of liberty, n ...
. Supporters of free software often counter that the use of the term "free" in this context is primarily a reference to a lack of constraint ("libre") rather than a lack of cost ("
gratis Gratis may refer to: * Free, meaning without charge. See Gratis versus libre * Gratis, Ohio, a village in Preble County, US * Gratis Township, Preble County, Ohio, US See also * Free (disambiguation) Free may refer to: Concept * Freedom, ...
").
Richard Stallman Richard Matthew Stallman (; born March 16, 1953), also known by his initials, rms, is an American free software movement activist and programmer. He campaigns for software to be distributed in such a manner that its users have the freedom to ...
has described it as " 'free' as in 'free speech,' not as in 'free beer'". The prefix "TANSTAA-" (or "TINSTAA-") is used in numerous other contexts as well to denote some immutable property of the system being discussed. For example, "TANSTAANFS" is used by
electrical engineering Electrical engineering is an engineering discipline concerned with the study, design, and application of equipment, devices, and systems which use electricity, electronics, and electromagnetism. It emerged as an identifiable occupation in the l ...
professors to stand for "There Ain't No Such Thing As A Noise-Free System".


Sports

Baseball Prospectus Baseball Prospectus (BP) is an organization that publishes a website, BaseballProspectus.com, devoted to the sabermetric analysis of baseball. BP has a staff of regular columnists and provides advanced statistics as well as player and team perf ...
coined the abbreviation "TINSTAAPP", for "There Is No Such Thing As A Pitching Prospect", as many young pitchers hurt their arms before they can be effective at a major league level. ;Social policy Hungarian prime minister
Ferenc Gyurcsány Ferenc Gyurcsány (; born 4 June 1961) is a Hungarian entrepreneur and politician who served as Prime Minister of Hungary from 2004 to 2009. Prior to that, he held the position of Minister of Youth Affairs and Sports between 2003 and 2004. ...
used this adage to justify his social reforms in the mid-2000s. As a post-socialist country, Hungary struggled with the illusion of the state as a caring and giving, independent entity, rather than being the embodiment of the community. The saying "there is no free lunch" represented that even if the state provides welfare or something else for the people in need, it is in fact bought or provided by other people of the same community through taxes. Therefore, the state cannot provide everything for everyone, and increased provisions given by the state can only be financed by economic growth or increased taxes or public debt.


Exceptions

Some exceptions from the "no free lunch" tenet have been put forward, such as the
Sun The Sun is the star at the center of the Solar System. It is a nearly perfect ball of hot plasma, heated to incandescence by nuclear fusion reactions in its core. The Sun radiates this energy mainly as light, ultraviolet, and infrared radi ...
and
carbon dioxide Carbon dioxide ( chemical formula ) is a chemical compound made up of molecules that each have one carbon atom covalently double bonded to two oxygen atoms. It is found in the gas state at room temperature. In the air, carbon dioxide is t ...
. It was argued in particular that
metabolism Metabolism (, from el, μεταβολή ''metabolē'', "change") is the set of life-sustaining chemical reactions in organisms. The three main functions of metabolism are: the conversion of the energy in food to energy available to run ...
evolved to take advantage of the free lunch provided by the Sun, which also triggers production of vital oxygen in plants. However, these too fall short in that the viewpoint is an open system, Earth, with "free" inputs from the Sun. When viewed from the larger system context, the Sun/Earth or Solar System, there is no net energy exchange, and still "no free lunch".


See also

* Demonstrated preference *
Have one's cake and eat it too You can't have your cake and eat it (too) is a popular English idiomatic proverb or figure of speech. The proverb literally means "you cannot simultaneously retain possession of a cake and eat it, too". Once the cake is eaten, it is gone. It can b ...
*
He who does not work, neither shall he eat He who does not work, neither shall he eat is a New Testament aphorism traditionally attributed to Paul the Apostle, later cited by John Smith in the early 1600s colony of Jamestown, Virginia, and by the Communist revolutionary Vladimir Lenin ...
*
Milton Friedman Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the ...
* No free lunch in search and optimization * No Free Lunch (organization) * No-arbitrage bounds *
Parable of the broken window The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay " 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 ...
* Revealed preferences *
Scarcity In economics, scarcity "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good. ...
*
Tax choice In public choice theory, tax choice (sometimes called taxpayer sovereignty, earmarking, or fiscal subsidiarity) is the belief that individual taxpayers should have direct control over how their taxes are spent. Its proponents apply the theory of ...
* The Free Lunch Is Over (computing) *
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. In simple terms, a tradeoff is where one thing increases, and anot ...
*
Zero-sum game Zero-sum game is a mathematical representation in game theory and economic theory of a situation which involves two sides, where the result is an advantage for one side and an equivalent loss for the other. In other words, player one's gain is e ...


Notes

{{Reflist, 30em


References

*Tucker, Bob, ( Wilson Tucker) ''The Neo-Fan's Guide to Science Fiction Fandom'' (3rd–8th Editions), 8th edition: 1996, Kansas City Science Fiction & Fantasy Society, KaCSFFS Press, No ISSN or ISBN listed. Adages Economics catchphrases English phrases Free meals Milton Friedman Robert A. Heinlein Metaphors referring to food and drink Lunch Aphorisms 1933 introductions Quotations from literature 1930s neologisms fr:Gratuité (économie)#TANSTAAFL