It is called Trillion Dollar Economists. The concept is to show how useful the ideas of economists have been in business, finance, and public policy. For example, auctions have been used in business (Google’s ad words, e-Bay’s classified ads), price … Continue reading
Atif Mian and Amir Sufi write, We believe they should recognize that the central problem with student loans is that they force graduates to bear a disproportionate amount of risk for circumstances completely outside their control. The right way to … Continue reading
On this post. I will summarize the questions as (1) don’t marginal costs really fall when a sector goes through a structural shift, which should lead to a drop in prices? and (2) why don’t investment booms cause dislocation? 1. … Continue reading
A while back, John Goodman wrote, No one questions why we provide help to people who are sick or disabled. Or why we provide benefits to people who are temporarily out of work and looking for a job. But why … Continue reading