Do economists know opportunity cost when they see it?No. They seem to be unable to answer a first year textbook question more accurately than chance.Cameron MurrayNov 06, 2022∙ Paid53ShareWelcome to new subscribers. If you like this, please check out some of my other posts, such as:Capital vs division of labour: Did Adam Smith learn the wrong lesson from his pin factory tours?Evil rent control revisited: some economists twist themselves in knots to argue that good outcomes are actually evilFET podcast episode #5: Why we need a public hou…Continue reading this post for free, courtesy of Cameron Murray.Claim my free postOr purchase a paid subscription.