Economics in Two Lessons: Acknowledgements

Nearly seven years after I started, I’ve finally submitted the manuscript of Economics in Two Lessons to Princeton University Press. There’s still a lot of work to be done in turning it into a published book, and some changes are still needed, but this is as close to a milestone as I’m going to get.

Over the fold are the Acknowledgements. As I mention, I’m sure to have omitted someone, so if you have contributed comments and your name is missing, please point this out. Also, if there’s anyone commenting under a pseudonym who’d like me to use their real name, or vice versa, I’ll be happy to make the change.

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Some big news …

… least for me. Princeton University Press has agreed to publish my book, Economics in Two Lessons: Why Markets Work and Why they can Fail so Badly. I’ve been working on it for seven years, but it’s finally done. It should be published in the first half of 2019.

Stay tuned for news on a possible Australian edition.

Economics in Two Lessons Chapter 16: Environmental policy

Nearly seven years after I started work, here’s the final draft chapter from my book-in-progress, Economics in Two Lessons. Thanks to everyone who commented on the first 15 chapters and encouraged me in the project as a whole.

I’ve had quite a few amusing snarks on Twitter to the effect that 16 chapters and 90 000 words is an awful lot for just two lessons.  That’s true and yet there are even more topics I wanted to cover. In particular, I wrote quite a bit on health and education but have had to omit most of it for space reasons. Still, if anyone wants to point out critical omissions, now’s the time.

Comments, criticism and praise are welcome. I’m also on the lookout for telling graphs, insightful illustrations and apt quotations.

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Economics in Two Lessons, Chapter 13

Thanks to everyone who commented on the first twelve chapters of my book-in-progress, <em>Economics in Two Lessons</em>.

Here’s a draft of Chapter 13 on Redistribution

Comments, criticism and praise are welcome.


Earlier draft chapters are available. These aren’t final versions, as I am now editing the entire manuscript, but you can read them to see where the book is coming from.

<a href=”″>Table of Contents</a>
<a href=”″>Introduction</a&gt;.
<a href=”″>Chapter 1: What is opportunity cost?</a>
<a href=”″>Chapter 2: Markets, opportunity cost and equilibrium</a>
<a href=”″>Chapter 3:Time, information and uncertainty
</a><a href=”″>Chapter 4:Lesson 1: Applications</a>.
<a href=”″>Chapter 5: Lesson 1 and economic policy</a>.
<a href=”″>Chapter 6: The opportunity cost of destruction</a>
<a href=”″>Chapter 7: Property rights, and income distribution</a>
<a href=”″>Chapter 8:Unemployment</a>
<a href=”″>Chapter 9: Market Failure</a>
<a href=”″>Chapter 10: Market failure -Externalities and pollution.</a>

<a href=”″>Chapter 11: Market failure: Information, uncertainty and financial markets</a>

<a href=”″>Chapter 12 on Predistribution</a>

Feel free to make further comments on these chapters if you wish.