In doing so, he demonstrates both the strengths and weaknesses we see in his blog.
One of these is a clarity of exposition. By economists’ standards – a low bar, admittedly – Tim writes very well, although some readers might find his snarkiness a little wearing. And there are some brilliant flourishes. His idiot cousin metaphor for comparative advantage verges on the genius.
And this is really rather what I hoped would be the reaction:
If I were an economics teacher, I’d recommend it as holiday reading for my students, in the hope that they’d see how textbook concepts can be used – and that my greener students will be stimulated to think more clearly.