The Free Market and Its Enemies
Energy: The Master Resource
The Church and the Market
How Capitalism Saved America
Basic Principles of Economic Value
The State of the Union
The Present Age: Progress and Anarchy in Modern America
The Real Value of a Powerball Ticket
Alex Tabarrok has a fun post calculating the monetary value of a Powerball ticket. He estimates that, as of the most recent drawing, each $2 ticket carries an expected monetary value of roughly $2.73. Superficially then, it’s worthwhile to buy one.
