Knowledge Problem

Wolfers on Cheap Economists and Comparative Advantage

Lynne Kiesling

Count me among the economists who enjoyed the Wall Street Journal’s funny article about how cheap we are. But I also get a lot of pleasure out of trimming the Christmas tree, so I’m not inclined to be so stringent in following comparative advantage that I want to hire someone to do so. I do, however, agree with Justin Wolfers that hiring someone to take it down is very, very appealing. Instead, though, the KP Spouse is bribing me with pizza to do so this evening.