The Economics of the Good, the Bad and the Ugly
Secrets, Desires, and Second-Mover Advantages
In his series of Schumpeter lectures, the author uses his analysis of the three-person duel (or 'truel') in The Good, the Bad and the Ugly, as a starting point to argue that the truel between desires, secrets and second-mover advantages account for a large share of social problems and failures in politics and business.

