There’s a lot to be learned about economics beyond lecture halls, journals and the news. Books can provide a holistic, sometimes radically different, perspective on the role of economics. What can we learn from these books? With our new weekly book review, ESSA intends to find out. This time, read on for our review of: Thinking, Fast and Slow.
Most people would agree that some kind of regulation is needed to prevent unqualified surgeons from operating or unqualified tradesmen from performing unsafe repairs. However, the introduction of licenses to an increasing number of jobs raises questions about whether the benefits always outweigh the costs. Edward Meehan investigates.