Opportunity costs, again

I have been reading Leo McKinstry’s Spitfire: Portrait of a Legend. It’s a good read and surprisingly thorough – McKinstry doesn’t exactly have a reputation as a bleeding-heart liberal, but he takes trouble to debunk the “private sector good, government bad” myth-making behind the plane’s creation. I’ve been reading it as a case study in innovation.

As a result, I have not had time to read much of The End of Influence: What Happens When Other Countries Have the Money by Brad DeLong and Stephen Cohen. It’s a slim book and probably a good read for people interested in the political impact of economic change. I was slightly discouraged by the authors’ apparent reluctance to define what they mean by “when other countries have the money”.

(I hope that Brad DeLong one day finds the time to publish his unfinished opus, “Slouching Towards Utopia” – early drafts circulated a decade ago and were brilliant.)

The Undercover Economist: a guide

Publishing schedule: Excerpts from "The Undercover Economist" and "Dear Economist", Tim's weekly columns for the FT Magazine, are published on this blog on Saturday mornings.
More about Tim: Tim also writes editorials for the FT, presents Radio 4's More or Less and is the author of "The Undercover Economist" and "The Logic of Life".
Comment: To comment, please register with FT.com, which you can do for free here. Please also read our comments policy here.
Contact: Tim's contact address is: economist@ft.com
Time: UK time is shown on posts.
Follow: A link to the blog's RSS feeds is at the top of the page.
Follow on Twitter
FT blogs: See the full range of the FT's blogs here.