Russel Roberts, perhaps the first economist to write a full length romantic novel, has come up with yet another fascinating invention. Economic Archeology. It essentially involves deconstructing a news report and using economics to dig out what the real story is. Pretty much the same stuff that tea vendors in kerala does with their deep grasp of local politics and immense knowledge of political history. Prof. Roberts does it with his knowledge of economics and public policy. You can do it too ( it certainly is better time pass than playing DX-Ball), if you understand economics.
Watch him practising archaeological economics live and read about the bootlegger-baptist coalition that more often than not results in entertaining regulations. Thank God, we have economists like Russell Roberts.
The opinions expressed in this essay are those of the authors. They do not purport to reflect the opinions or views of CCS.