Tim Worstall

They tell us what is (and what isn’t) worth doing.

Cuba is, however gradually, reforming its economy which is great. However, they do seem to be concentrating on the wrong bits still.

As Adam Smith himself pointed out all jobs pay the same really. When you take account of what’s needed to do them, the terms, the conditions, the “disagreeableness” of them, add in the wages and they’re all paying much the same amount.

Those masters of economic logic, the new economics foundation, have been talking to the newspapers again. Gothenburg, a city in Sweden, has decided to experiment with shorter working days for the city employees.

The government of Nigeria has had a quick look down the back of the couch and appears to have found and extra three quarters of the economy just lying there. Well over $200 billion’s worth in fact...