i use it in my book on the financial crisis, my book, gambling with other people's money. John anderson ran as a third party candidate against ragan and carter in 19 80. He needed to get five % of the vote or more in order to have the federal government cover a huge part of the cost of his campaign. i think mist are very comfortable with the idea that that this can work, as i said, unconsciously or subconsciously. And if you're gong to lose all your money, that's yours,. So people do understand that that's your daughter case. I looked at nass car races and found the intensity went up when the driving got safer.
Economist and author David Henderson talks about his book (co-authored with Steve Globerman) The Essential UCLA School of Economics with EconTalk host Russ Roberts. Much of the conversation focuses on the work of Armen Alchian and Harold Demsetz, who both saw economics as a powerful tool for understanding human behavior and how the world works.