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Tag Archives: rent seeking
The Political Economy of Scrabble: Currency, Innovation, and Norms
In Scrabble, there is a finite amount of resources (letter tiles) that players use to create value (points) for themselves. Similarly, in the real world matter cannot be created so much of human effort is rearranging the particles that exist into … Continue reading
Posted in Uncategorized
Tagged behavior, crime, culture, data, economics, education, entertainment, fun, game theory, games, how-to, humor, micro-institutions, micro-institutions everywhere, political economy, politics, programming, Python, rationality, rent seeking, technology
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