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.)

Tim Harford’s blog

This blog is no longer updated but it remains open as an archive.

Tim, also known as the Undercover Economist, writes about the economics of everyday life.