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...is a weblog about the liberal arts 2.0 edited by Jason Kottke since March 1998 (archives). You can read about me and kottke.org here. If you've got questions, concerns, or interesting links, send them along.

NY Times columnist and economist Paul Krugman

NY Times columnist and economist Paul Krugman wrote a paper when he was an assistant professor in 1978 called The Theory of Interstellar Trade. Here's the abstract:

This paper extends interplanetary trade theory to an interstellar setting. It is chiefly concerned with the following question: how should interest charges on goods in transit be computed when the goods travel at close to the speed of light? This is a problem because the time taken in transit will appear less to an observer travelling with the good than to a stationary observer. A solution is derived from economic theory, and two useless but true theorems are proved.

By Jason Kottke    Mar 17, 2008 at 01:08 pm    economics   paulkrugman   physics

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