Economists can’t see everything. Also: The Silk Road, prison economics, healthy smartphones. — FTN DAILY EDITION #138, Economics and Business
Mapping the Silk Road
Reconstructing the famous trade route by by simulating nomadic movement.
As Frachetti has found in earlier research, nomads do not wander aimlessly.
You can’t lock up economics
Economic principles just work. Even in prison.
So how did a smelly package of fish become the gold standard of America’s federal prisons?
Please don’t let me be misunderstood
Germany’s trade surplus is not what it seems.
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.
Smartphones improve the life and health of people with lower income. Dramatically.
Far from being an indulgence, a smartphone could make health care more affordable to everyone, not less.
Hayek’s “pretense of knowledge” concept explained. With examples.
I am answering your question, I told him. You just don’t like the answer.
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