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July 06, 2004

ARNOLD KLING says that the wonks have gotten it wrong on a lot of issues, and offers valuable correctives, all in the context of a discussion of Robert Fogel's new book, Escape from Hunger and Premature Death. Kling observes: "The problem with Wonkism is that it ignores mental transaction costs, if I may borrow a term coined by Clay Shirky in a different context."