Always look for the margins where people can adjust
It's demand, all the way down
Markets require trial and error, not intelligent choices
Good old supply and demand still has lots to teach us, even about labor markets 😱
Monopolies are inefficient because they don't extract enough of the surplus they generate for society
Larry White | UCLA Price Theory and MacroeconomicsListen now (61 min) | Episode 1 of the Economic Forces Podcast
Welcome to Economic Forces, a weekly newsletter on price theory from us, Brian Albrecht and Josh Hendrickson. The weekly format is meant to encourage…
When I see economists that I’ve never met before in public, they usually greet me with “hey, you’re the Jones Act guy” or “hey, you are the price theory…
Don't believe these misconceptions about supply and demand
Non-competes reduce a fundamental contracting problem
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