Wednesday 6 August 2008

How an economist thinks

Alex Tabarrok at Marginal Revolution on How an Economist Thinks. He writes
Over the weekend a crew came round my neighborhood offering to paint house numbers on the curb. Large bold curb numbers, they pointed out, make it easier for emergency service workers to find houses in the dark. Good argument. The price was good too. Then I noticed my neighbors were having their numbers painted. So of course, I declined.

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