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The Nobel Prize is going to be ‘fun money’ – for an occasion, when my wife and I want a $50 bottle of wine.

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Richard Thaler

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The supply price and the demand price should be roughly the same. You’re not supposed to have two different prices. According to economists.

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It’s essential that we understand things like the free-rider problem, but we also need to understand that, fortunately, humans are a little nicer than economists give them credit for. Some people actually leave money at roadside fruit stands; some people give money to NPR so we can listen to it.

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May 26, 2024

It’s essential that we understand things like the free-rider problem, but we also need to understand that, fortunately, humans are a little nicer than economists give them credit for. Some people actually leave money at roadside fruit stands; some people give money to NPR so we can listen to it.

Previous

May 26, 2024

The supply price and the demand price should be roughly the same. You’re not supposed to have two different prices. According to economists.

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