Don Boudreaux reviews Inner Economist

Cowen shows that bygones should not be treated as bygones in all areas of life. When our self-image is at stake, past choices — costs that are irrevocable — often remain relevant for guiding our decisions today.

Here is the full review.  Here is Alex on sunk costs.  Here is Tyler on sunk costs, both posts date from the early days of MR.


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