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Institutions Have Knowledge, Not People
Charlie Plott gave us the Fundamental Equation for an economic explanation. The simplified version is Preferences + Beliefs + Institutions = Outcomes…
Brian Albrecht
19 hr ago
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Institutions Have Knowledge, Not People
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When A Dollar Isn't a Dollar
You’re reading Economic Forces, a free weekly newsletter on economics, especially price theory, without the politics. You can support our newsletter by…
Josh Hendrickson
May 12
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When A Dollar Isn't a Dollar
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Garrett Scott | Airline Pricing, Refunds, and the Role of Price Discrimination
Listen now | Episode 9 of the Economic Forces Podcast
Economic Forces
May 5
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Garrett Scott | Airline Pricing, Refunds, and the Role of Price Discrimination
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It's Knowledge, Stupid
The (sometimes) elusive role of knowledge in most economic models
Brian Albrecht
Apr 28
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It's Knowledge, Stupid
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Modern Day Bills of Exchange
Thinking About Settlement on Bitcoin's Lightning Network
Josh Hendrickson
Apr 21
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Modern Day Bills of Exchange
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Subsidize the Worker, Not the Job
Easier said than done
Brian Albrecht
Apr 14
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Subsidize the Worker, Not the Job
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Henry Thompson | Mafia Courts and Contracting without the Law
Listen now (58 min) | Episode 8 of the Economic Forces Podcast
Economic Forces
Apr 7
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Henry Thompson | Mafia Courts and Contracting without the Law
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Crypto Hacks and Efficient Markets
You’re reading Economic Forces, a free weekly newsletter on economics, especially price theory, without the politics. You can support our newsletter by…
Josh Hendrickson
Mar 31
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Crypto Hacks and Efficient Markets
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When Supply Curves Slope Down
Learning-by-doing and human capital models turn supply upside down
Brian Albrecht
Mar 24
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When Supply Curves Slope Down
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Why Didn't They Just Give Up on Gold?
If one takes a casual look at the gold standard era, there are some perplexing observations. For example, when countries would go to war, they would…
Josh Hendrickson
Mar 17
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Why Didn't They Just Give Up on Gold?
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Never Preach from a Price Change
What if high prices are good?
Brian Albrecht
Mar 10
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Never Preach from a Price Change
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Claudia Williamson | Institutions, Economic Development, and Policy Humility
Listen now (55 min) | Episode 7 of the Economic Forces Podcast
Economic Forces
Mar 3
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Claudia Williamson | Institutions, Economic Development, and Policy Humility
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