This story about the four-hour abalone fishing season in WA is reminiscent of a number of similar cases discussed in my soon-to-be-published book, Economics in Two Lessons (extract over the fold). However, it turns out to be something of a special case: a recreational fishery where economising on effort isn’t really relevant, and where the activity is culturally significant, mainly for people of Asian background. In these circumstances, a short season, with open access, makes good...
Read More »Economics in Two Lessons
’ve just sent the final manuscript of Economics in Two Lessons back to Princeton University Press. I’ll have to correct the proofs, but apart from that, my work here is done. US publication is currently scheduled for May 2019, hopefully with an Australian edition to follow. I’ve set up a Facebook page (see below) and have been posting extracts regularly. Economics in Two Lessons Facebook Page: https://www.facebook.com/EconomicsInTwoLessons/?modal=admin_todo_tour Like this:Like...
Read More »Opportunity cost, labor and wages
The latest extract from my forthcoming book, Economics in Two Lessons Like this:Like Loading...
Read More »What is opportunity cost?
That’s the latest post on the Facebook Page for my forthcoming book, Economics in Two Lessons Like this:Like Loading...
Read More »Economics in Two Lessons: Introduction (part 2 of 2)
On the Facebook page, another extract from my book Economics in Two Lessons, due out next year. Like this:Like Loading...
Read More »Economics in Two Lessons: Introduction
The publication date for my new book, Economics in Two Lessons, is set for May 2019. Until then, I’m putting extracts up on a Facebook page I’ve set up. Here’s the first one, part of the Introduction. Like this:Like Loading...
Read More »Economics in Two Lessons: Acknowledgements
Nearly seven years after I started, I’ve finally submitted the manuscript of Economics in Two Lessons to Princeton University Press. There’s still a lot of work to be done in turning it into a published book, and some changes are still needed, but this is as close to a milestone as I’m going to get. Over the fold are the Acknowledgements. As I mention, I’m sure to have omitted someone, so if you have contributed comments and your name is missing, please point this out. Also, if there’s...
Read More »Some big news …
… least for me. Princeton University Press has agreed to publish my book, Economics in Two Lessons: Why Markets Work and Why they can Fail so Badly. I’ve been working on it for seven years, but it’s finally done. It should be published in the first half of 2019. Stay tuned for news on a possible Australian edition. Like this:Like Loading...
Read More »Economics in Two Lessons Chapter 16: Environmental policy
Nearly seven years after I started work, here’s the final draft chapter from my book-in-progress, Economics in Two Lessons. Thanks to everyone who commented on the first 15 chapters and encouraged me in the project as a whole. I’ve had quite a few amusing snarks on Twitter to the effect that 16 chapters and 90 000 words is an awful lot for just two lessons. That’s true and yet there are even more topics I wanted to cover. In particular, I wrote quite a bit on health and education but...
Read More »Economics in Two Lessons Chapter 15
My long-running book-in-progress, Economics in Two Lessons is nearly done. Thanks to everyone who commented on the first 14 chapters. Here’s a draft of Chapter 15: Monopoly and the Mixed Economy. Only one more chapter to come after this Comments, criticism and praise are welcome. Earlier draft chapters are available. These aren’t final versions, as I am now editing the entire manuscript, but you can read them to see where the book is coming from. Table of ContentsIntroduction.Chapter...
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