How to Fix Pakistan’s Crashing Economy
Wednesday, December 11, 2019
Keynes and The Economic Consequences of Peace
In 1919, John Maynard Keynes foresaw the chaos that
would follow from the Versailles peace treaty.
Economics of Free Shipping
An interesting application of behavioral economics:
“Free shipping is enticing, says Ravi Dhar, the
director of Yale’s Center for Customer Insights, because shoppers irrationally
hate to pay for certain services—even those that they value immensely, such as
speedy and reliable delivery. This demonstrates the economic principle known as
“pain of paying,” a psychological discomfort that keeps people from completing
purchases.”
Tuesday, December 10, 2019
What is the Natural Rate of Unemployment for the US?
Conventional wisdom seems to have been too
pessimistic about how much the economy could grow before setting off inflation
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