Economics and sociology: gains from trade

1. Here is a new paper by Fabio Rojas on that topic.  Hat tip to Organizations and Markets blog.

2. Tradesports.com is just starting betting on the new NBA season.  I looked at Sporting News; of their five experts, two picked Phoenix, two San Antonio, and one Miami.  No Dallas supporters there, or for that matter here.

3. Analysis of the new Booker shortlist; is it a changing of the literary guard?

4. Update: prediction markets and the law.