Princeton’s designers have lived up to their reputation for making beautiful jackets:
UPDATE (M.O’H): Mark typically upstages himself kvelling about someone else’s work. The jacket? Allow me to tell you about the actual book::
Crime is costly. Punishment is costly. Obviously, the iron discipline of the production possibility frontier forces us to trade these against each other: for less crime, we need to put more people in prison. But many obvious things are not so, including this one. As Bob Leone used to point out, no system is actually operating at its PPF, and in any case, you can move the PPF up and to the right if you aren’t paralyzed by the illusion of imminent collision with a binding constraint. By being smart instead of vindictive, Mark relocates the PPF for less crime and less punishment way out there, and shows us how to go far beyond where we used to think it was on both dimensions. This book is the order of battle for a historic victory of smart over evil.