What can price theory provide to the recent debate?
Connecting natural experiments and price theory
Peter Ireland | Chicago Monetary Economics and Price TheoryListen now (52 min) | Episode 2 of the Economic Forces Podcast
Why do authors get paid royalties on their books rather than a lump sum payment? The immediate answer that springs to mind for most people is that it i…
Hugo Sonnenschein's 3 page pager
Here at Economic Forces, we like to write about externalities. One reason that I like to write about externalities is that I think we often miss import…
Does it actually mean anything?
Larry White | UCLA Price Theory and MacroeconomicsListen now (61 min) | Episode 1 of the Economic Forces Podcast
Did anyone actually read this newsletter?
Those who have been following along with Economic Forces will know that I have some problems with the way that we teach economics. My complaints are no…
It's about the world, not the model
In a previous post, I alluded to Ben Klein’s paper on competitive fiat money. (As a quick note, I am going to refer to paper money that is not redeemab…