Economists can’t see everything. Also: The Silk Road, prison economics, healthy smartphones. — FTN DAILY EDITION #138, Economics and Business

Evan Dennis

Mapping the Silk Road

Reconstructing the famous trade route by by simulating nomadic movement.

Gerry Everding for Futurity:

As Frachetti has found in earlier research, nomads do not wander aimlessly.

Did nomads and their herds carve out the Silk Road?


You can’t lock up economics

Economic principles just work. Even in prison.

Tyler Durden for Foundation for Economic Education:

So how did a smelly package of fish become the gold standard of America’s federal prisons?

Did nomads and their herds carve out the Silk Road?


Please don’t let me be misunderstood

Germany’s trade surplus is not what it seems.

Marcel Fratzscher for Project Syndicate:

Germany is an increasingly important political and economic power in Europe and on the world stage. But, until now, the debate about Germany’s current-account surplus has been counterproductive.

Did nomads and their herds carve out the Silk Road?


The Healthphone

Smartphones improve the life and health of people with lower income. Dramatically.

Emily Dreyfuss for WIRED:

Far from being an indulgence, a smartphone could make health care more affordable to everyone, not less.

Did nomads and their herds carve out the Silk Road?


Known unknowns

Hayek’s “pretense of knowledge” concept explained. With examples.

Russ Roberts for NewCo Shift:

I am answering your question, I told him. You just don’t like the answer.

Did nomads and their herds carve out the Silk Road?


https://airtable.com/shrvcAbfGlmYM97hP


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