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One of my favorite economists wrote a post dissecting the economics of Star Wars.
A fav economics analyzing a fav movie franchise = win.
He makes some interesting points about what people’s actions in Star Wars tell us about value-creation–that sometimes you can create value without creating anything. Â Merely identifying a good use for something can create value.
We meet Rey, the heroine of Star Wars: The Force Awakens, when she is scavenging for parts from a wrecked star destroyer. She isn’t making anything, per se, but she’s creating value by identifying resources in low-value uses and moving them to higher-value uses. In doing so, she’s giving us an important lesson in industrial policy.
