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Economics

What the State Buys

Insurance rather than charity, and a debt unlike your own

Barr · Flyvbjerg · Reinhart · 3 chapters · 8 min read

Insurance rather than charity, procurement that overruns, and a debt unlike yours.

Free to read: every chapter below is open

Spending It

  1. 01Mostly Not RedistributionOn a piggy bank that everybody argues about as though it were a Robin Hood.
  2. 02How Governments Buy ThingsOn why the lowest bid is the estimate with the largest error.
  3. 03Not Like a HouseholdOn an analogy that has done more damage than almost any other.