Monkey See, Monkey App! And IP Walks Into a Bar....

The Answer Is Transaction Costs

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The method of much of social science is "comparative statics." There's an amazing natura experiment going on, after Hurricane Maria changed the environment for the rhesus macaques of Cayo Santiago. Sometimes, you need a simulation to understand something is only obvious after the fact. These primates, known for their fierce competition and rigid hierarchies, expanded their social networks and reduced aggression to endure the island's new, harsh environment.
Plus, a politically incorrect TWEJ, and an interesting letter.

• NYT Cayo Santiago story
• A short piece on "anti-market atavisms" and Hayek's insights.
• Why you can't get a reservation at a restaurant...
• News story about "Monkey App"
• Book'o'da week: Peter Boettke, Erwin Dekker, and Chad Van Schoelandt, editors, Toward a Hayekian Theory of Social Change. https://rowman.com/ISBN/9781666937138/Toward-a-Hayekian-Theory-of-Social-Change

If you have questions or comments, or want to suggest a future topic, email the show at [e-mail] !

You can follow Mike Munger on Twitter at @mungowitz