The Bellows » Economics for Dummies - The Diigo Meta page

• 16 Nov 08
  

  Yule Heibel

  A great post by Ryan Avent critiquing the notion of "sunk costs," particularly as (speciously) applied to suburbia. In particular, Avent shows why, when talking about suburban housing, the concept of "sunk cost" is not (or should not be) a disincentive to selling.

  the_bellows ryan_avent oil peak_oil suburbia transportation sunk_costs economics

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