17.5.05

BACKWARDS THE SUPPLY CURVE BENDS. Tyler at Marginal Revolution turns up an estimate of the lost output from workers making the Star Wars premiere an excuse for a personal day. $627 million? Out of an economy with a daily output reckoned in tens of billions? Is that more costly than the basketball tournament, or the opening of deer season? Or, for that matter, the early Friday getaways during the summer months (your Superintendent was busy with deadlines and neglected to call attention to his first hearing of that traffic call, two weeks ago.)

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