Category: Economics In Real Life

christmas gifts

The Deadweight Loss of Christmas Gifts

Are gifts better in cash or in kind?

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organs and second life

The difficult allocation of organs

What happens when there is no acceptable market for something that people need?

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black friday sale

Black Friday and Cyber Monday: there is no such thing

Black Friday and Cyber Monday sales are a myth.

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a famine of sparrows

We’re Definitely Wrong. And a famine of sparrows.

History's biggest lesson: in the end, we're going to have it all wrong. But in the interim, here's an example that involves sparrows.

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yemen, water crisis and qat

Yemen’s Water Crisis

The bad economics of qat production.

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art investing

How Art Gets Its Value

How investors decide whether an artwork is worth it.

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the economics of life in abundance

The Economics of Life In Abundance

Is there a less economic answer to the economic problem of scarcity?

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desk management styles

Desk Management: Order v Chaos

When is it okay for your desk to be a mess?

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the economics of spite

The Economics of Spite

The people that cut off their noses to spite (your) face.

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the economic theory of rationality

The Economic Theory of Relativity. Or: Rationality

This is not a post about Einstein. It is a post about wine. And our struggles with truth and rationality.

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