An Economist’s Insight

Roger Koppl was been banging on about knowledge monopolies for the last year or so. I’ve heard comments to the effect: “What business is it of an economist meddling in the world of forensics?” Roger makes the point crystal clear in a recent posting of his. I quote the punchline:

The issue is not getting the right people in the job, but giving them the right incentives, which is another lesson economists can appreciate.