Economics In Real Life


Are we heading for Financial Armageddon?

The internet is filled with financial prophets of doom, all proclaiming the Fiat Money End Times. Should we be worried that they're right?

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uber and the metered taxi strikes

Uber and the Metered Taxis: It’s Not About Price

Yes, Uber might be cheaper - but why aren't the metered taxi drivers demanding that Uber raise its prices? Something...doesn't add up.

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knowledge bias and triangles

Knowledge Bias: Most Of What We Know Is Wrong

I learned something about triangles. Also, I appear to have been wrong all along.

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prospect theory

Prospect Theory: All the payoffs

A slightly-preachy example of political prospect theory. Because why not.

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Cognition: Being The Best Version Of Yourself

It seems that there are more people in your head than you'd think.

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love economics, and balloons

Love Economics: the art of partnering up

Finding a partner might be a game of economic efficiency. And isn't that historically accurate?

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toy economies and babysitting

Toy Economies: a recession of babysitters

A short tale of economic whimsy. And a recession. And then shortages.

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All the fake news

Fake News: hunting for the truth algorithm

You know what a truth algorithm is? It's a regulation. I mean, it might be a good one. But it's still a regulation.

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Why do UberX drivers drive so slowly?

And what do UberX drivers earn per hour? Because the answer on Uber's webpage seems...high.

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cultural stereotypes and labels

The Economics of Cultural Stereotypes

Are some economies culturally doomed to fail, while others culturally destined for prosperity? Or can cultures change?

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