More or Less is Better

As an undergraduate student, I studied Economics (and History — I actually have two Bachelor’s degrees, a sort of “multitasking” achievement of mine 😉 ). One economics professor of mine had a rather profound impact on a lot of my thinking about economic theory. One of his phrases about the philosophical attitude of a lot… Continue reading More or Less is Better

A New Kind of Market Failure?

“Market Failure” is commonly thought of as something that goes wrong with the way normal (“free”) markets work. There are actually a lot of assumptions made about how such markets work normally, and many of these are so illusory that it seems amazing anyone would ever pay any attention to what any economist says —… Continue reading A New Kind of Market Failure?

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