Mankiw:

…monkeys value skills, as long as those skills are in scarce supply.


Now that’s a delicious confluence of naturalism and economics.

Gherald filed this under: ,  
  1. Gherald says:

    But of course, if apple container-opening were to grow into a major monkey industry, everyone knows it would be necessary for the local monkey government to establish a new bureau to properly certify and license all container-opening practitioners. It would probably also be a good idea to put a VAT on all grooming transactions to finance grooming for the lowest-ranking monkeys. After all, access to affordable grooming and lice-removal should be a monkey right!

    Call your local monkey MP and demand universal grooming, NOW!

  2. schu says:

    Unless of course a conglomerate got a hold of the process, managed to monopolize the process, bribe the legislature to make it a legal monopoly, like the insurance industry or the NFL, and then over charge its services to the tune of 600%.

  3. very interesting. but how would monkeys react to a sarah palin monkey (i.e., a monkey with no skills)?

  4. schu says:

    Elect her as the VIP monkey of the far right religious monkey party.

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