Economic Theory
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Economic Data Revisions Show the Limits of Real-Time Measurement, Not Malfeasance
Revisions are not a failure of economic statistics — they are the tradeoff of receiving a rough but timely signal.
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Don’t Push the Policy Button!
Economists design “optimal” interventions with caveats and disclaimers. Politicians treat them like irresistible big red buttons.
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Capping Card Interest Rates Won’t Make Credit Cheaper
APR caps may sound consumer-friendly, but price caps just serve to cut off vulnerable households from legitimate lenders.
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The Price of Greenland — and the Cost of Attacking Sovereignty
If borders become negotiable under tariff pressure, risks rise, investment falls, and fragile global norms further fracture.
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The National-Security Exception to Free Trade Is Real. So Are Its Tradeoffs.
Today’s economic interdependence makes it surprisingly difficult to know when trade restrictions actually strengthen security — and when they backfire.
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Trump’s ‘Broken Windows’ Economy
Today’s trade rhetoric, full of ‘historic deals,’ obscures the real question: are these policies making America richer or poorer?
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What Uber and AirBnB Really Sell: Sharing with Transaction Costs Slashed
Platforms make on-demand access a real alternative to ownership, by reducing the three core transaction costs of sharing with strangers.
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The Truth About Those ‘High Minimum Wage’ Countries
Headline wages in Finland and Australia exempt millions of workers, and the loopholes tell us a lot about labor market realities.
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The 2025 Nobel in Economics and the Roots of Enduring Growth
As policymakers around the world grapple with slow productivity growth and rising populism, they would do well to revisit the insights of these laureates.
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Universal Childcare: Real Problem, Wrong Solution
New Mexico’s universal childcare experiment will likely worsen shortages and raise costs. Families will pay – if they can get care at all.
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•
Economic Data Revisions Show the Limits of Real-Time Measurement, Not Malfeasance
Revisions are not a failure of economic statistics — they are the tradeoff of receiving a rough but timely signal.
-
•
Don’t Push the Policy Button!
Economists design “optimal” interventions with caveats and disclaimers. Politicians treat them like irresistible big red buttons.
-
•
Capping Card Interest Rates Won’t Make Credit Cheaper
APR caps may sound consumer-friendly, but price caps just serve to cut off vulnerable households from legitimate lenders.
-
•
The Price of Greenland — and the Cost of Attacking Sovereignty
If borders become negotiable under tariff pressure, risks rise, investment falls, and fragile global norms further fracture.
-
•
The National-Security Exception to Free Trade Is Real. So Are Its Tradeoffs.
Today’s economic interdependence makes it surprisingly difficult to know when trade restrictions actually strengthen security — and when they backfire.
-
•
Trump’s ‘Broken Windows’ Economy
Today’s trade rhetoric, full of ‘historic deals,’ obscures the real question: are these policies making America richer or poorer?
-
•
What Uber and AirBnB Really Sell: Sharing with Transaction Costs Slashed
Platforms make on-demand access a real alternative to ownership, by reducing the three core transaction costs of sharing with strangers.
-
•
The Truth About Those ‘High Minimum Wage’ Countries
Headline wages in Finland and Australia exempt millions of workers, and the loopholes tell us a lot about labor market realities.
-
•
The 2025 Nobel in Economics and the Roots of Enduring Growth
As policymakers around the world grapple with slow productivity growth and rising populism, they would do well to revisit the insights of these laureates.
-
•
Universal Childcare: Real Problem, Wrong Solution
New Mexico’s universal childcare experiment will likely worsen shortages and raise costs. Families will pay – if they can get care at all.