Blog Review 848


Adam Smith, pirates and the invisible hook.

Suspending trials for people who have been waiting years for trial? Eh?

Cognitive biases are useful, just as cliches can describe something well.

Odd to see the lump of labour fallacy in an inauguration speech.

Thre's still something of a knowledge problem out there in macroeconomics.

Yes, jobs are a cost when you do a cost benefit analysis.

And finally, why hasn't anyone thought of this before?