Economists Do It With Models

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Entries Tagged as 'Markets'

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In Case You’ve Ever Wondered What Economic Sci-Fi Would Look Like…

February 26th, 2015 · 4 Comments
Income Distribution · Markets

In a recent article, labor economist David Autor was quoted as saying that “If we automate all the jobs, we’ll be rich—which means we’ll have a distribution problem, not an income problem.” David, have you been reading drafts of my dystopian future economic science-fiction novel again? The synopsis of my (mostly, but not entirely) hypothetical [...]

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Tags: Income Distribution · Markets

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Economics Can Answer That! Oil Prices Edition…

December 17th, 2014 · 7 Comments
Econ 101 · Markets

To quote from The Consumerist: You may have noticed prices gradually falling at your neighborhood gas station over the last few months, what you may not know is that the price of oil has been falling even faster than that. Why aren’t station owners passing the savings on to drivers? The article goes on to [...]

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Tags: Econ 101 · Markets

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The Latest On Surge Pricing, Now With More Digression Into Income Inequality…

December 16th, 2014 · 10 Comments
Econ 101 · Markets

I’m beginning to think that the overlap in the Venn diagram of “Economic Theory” and “Good PR” is an area that my cat couldn’t resist trying to crawl through due to her obsession with small spaces. Case in point (re the economics, not the cat): We are all concerned with events in CBD. Fares have [...]

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Tags: Econ 101 · Markets

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You’re Not Wrong, Walter, Consumer Protection Edition…

December 10th, 2014 · 3 Comments
Markets

I would like to begin with a few (mostly personal) anecdotes: I remember one time in NY when my friends and I got in a cab and the driver tried to refuse to take us to Brooklyn. (In case you are not aware, one of the rules for those operating NYC cabs is that they [...]

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Tags: Markets

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Some Thanksgiving Wishful Thinking, Labor Markets Edition…

December 2nd, 2013 · 9 Comments
Markets

I feel like I’m going crazy- this is backwards, right? I’m pretty sure I was taught that one of the side effects of strong unions is that they discourage hiring, both because unions tend to lobby for above-market wages and because companies are hesitant to hire employees when they know that said employees will be [...]

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Tags: Markets

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The New (And Improved) Alan Greenspan Does The Daily Show…

October 24th, 2013 · 2 Comments
Behavioral Econ · Books · Finance · Markets · Policy

Oh man, this is great…it’s like watching everybody’s grandfather talk about bank regulation, AND Greenspan is basically saying that behavioral economists had it right all along: (Sidenote: the closed captions are really helpful if you are somewhere where audio is frowned upon.) Oh good, we’ve gotten to a point in the world where the guy [...]

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Tags: Behavioral Econ · Books · Finance · Markets · Policy