The Answer Is Transaction Costs
Science:Social Sciences
Monkey See, Monkey App! And IP Walks Into a Bar....
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The method of much of social science is "comparative statics." There's an amazing natura experiment going on, after Hurricane Maria changed the environment for the rhesus macaques of Cayo Santiago. Sometimes, you need a simulation to understand something is only obvious after the fact. These primates, known for their fierce competition and rigid hierarchies, expanded their social networks and reduced aggression to endure the island's new, harsh environment.
Plus, a politically incorrect TWEJ, and an interesting letter.
You can follow Mike Munger on Twitter at @mungowitz
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