The Invisible Hand Cooks Dinner

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“I’ve been an economist for some 30 years,” says Tyler Cowen. “In this time, I’ve learned that by applying some basic economics to my food choices, I can make nearly every meal count.” Here are his six simple rules:

  1. At fancy restaurants, order what sounds the least appetizing.
  2. Avoid restaurants that are popular for their social scene.
  3. Look for good restaurants in the suburbs, where the rent is lower. Or, really, anyplace the rent is low.
  4. Ask other people for advice.
  5. Patronize family-run restaurants.
  6. Thai restaurants are becoming too Americanized, so try Vietnamese instead.

Hmmm. This might all be good advice, but as near as I can tell, only two of these items (#1 and #3) really have any economic content to speak of. The others are either common sense (#4), pieces of longstanding conventional wisdom (#2 and #5), or a matter of taste (#6). Has Tyler succumbed to the Freakonomics disease, where pretty much everything related to human action is now considered a subset of economics? Say it ain’t so!

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

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