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The Times

Borrowing from King Solomon, economists are getting closer to working out how good leaders can make good decisions

  • Written by Richard Holden, Professor of Economics, UNSW
Borrowing from King Solomon, economists are getting closer to working out how good leaders can make good decisionsJennifer Wallace/Shutterstock

Here’s a story from the Bible. As far as I know, it’s the first reported instance of the branch of economics known as “implementation theory”.

It’s from the First Book of Kings, Chapter 3, starting at Verse 16.

Two women came before King Solomon with two babies, one dead and one alive.

Each...

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