Economics
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What Makes Pharmaceutical Speaker Programs Illegal?
The missing consumer in health care helps explain the strange economics — and legal risks — of drug companies paying doctors.
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The Swinging Sixties, Chicago School Style
At the height of the cultural revolution, a group of Chicago economists was quietly launching one of its own.
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When Government Separates Choices from Consequences
From tariffs to “free” public services, government policies routinely transfer the costs and consequences of individual choices onto someone else.
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Univ. of Michigan’s Hidden Grades Will Backfire on Students
Hiding student grades may sound compassionate, but it will weaken an important signal of merit and push employers toward less transparent ways of sorting applicants.
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Why Economists Leave Government Spending Out of Inflation Measures
The CPI captures the rising cost of private consumption while leaving the rising cost of government consumption out of the equation.
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What Payroll Revisions Reveal about the Economy
One disappointing number tells us little about recession risk. A sustained series of sizable downward revisions deserves more attention.
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Economists Are Not Blind to the Full Range of Human Motivations
The fact that economists describe consumption as an end does not mean they dismiss humanity’s higher purposes.
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When Rational Individual Choices Produce Collective Waste
Why we keep paying for practices nobody wants—and what finally makes them disappear.
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The McNamara Fallacy Returns: How Inequality Metrics Distract From the Real Causes of Poverty
When policymakers obsess over inequality statistics, they often overlook the institutions and policies that actually keep people poor.
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Reality Sends the Bill: How Ignoring Price Signals Ends in Disaster
Sri Lankan fertilizer bans, Argentinian rents, and European power crises all demonstrate that governments can suppress prices, but they cannot escape reality.
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•
What Makes Pharmaceutical Speaker Programs Illegal?
The missing consumer in health care helps explain the strange economics — and legal risks — of drug companies paying doctors.
-
•
The Swinging Sixties, Chicago School Style
At the height of the cultural revolution, a group of Chicago economists was quietly launching one of its own.
-
•
When Government Separates Choices from Consequences
From tariffs to “free” public services, government policies routinely transfer the costs and consequences of individual choices onto someone else.
-
•
Univ. of Michigan’s Hidden Grades Will Backfire on Students
Hiding student grades may sound compassionate, but it will weaken an important signal of merit and push employers toward less transparent ways of sorting applicants.
-
•
Why Economists Leave Government Spending Out of Inflation Measures
The CPI captures the rising cost of private consumption while leaving the rising cost of government consumption out of the equation.
-
•
What Payroll Revisions Reveal about the Economy
One disappointing number tells us little about recession risk. A sustained series of sizable downward revisions deserves more attention.
-
•
Economists Are Not Blind to the Full Range of Human Motivations
The fact that economists describe consumption as an end does not mean they dismiss humanity’s higher purposes.
-
•
When Rational Individual Choices Produce Collective Waste
Why we keep paying for practices nobody wants—and what finally makes them disappear.
-
•
The McNamara Fallacy Returns: How Inequality Metrics Distract From the Real Causes of Poverty
When policymakers obsess over inequality statistics, they often overlook the institutions and policies that actually keep people poor.
-
•
Reality Sends the Bill: How Ignoring Price Signals Ends in Disaster
Sri Lankan fertilizer bans, Argentinian rents, and European power crises all demonstrate that governments can suppress prices, but they cannot escape reality.