Merry Christmas fine people! So it is Christmas. How about this year I don’t: Make the case for why we should give cash instead of gift. Warn about not undertaking time inconsistent behaviour on Christmas day. Honestly, I used to do the same thing every year. My way of precommiting to that was to time […]
Hey TVHE. Back in the day I used to write on this site, but then all the interesting feedback and discussion on this site convinced me to do my PhD – and yesterday I finally got it awarded. Just wanted to say thanks! If it wasn’t for the active discussion here and the passionate New […]
Hi everyone. You may have noticed a flurry of activity in the blog over the last two weeks – this is because I moved two months of planned activity forward so it would be finished by the end of September. I am going to have to leave the blog for a while in order to […]
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner"– Adam Smith "Narratives compete with imperatives (general moral rules or precepts)…to persuade agents to behave in desirable ways."– Jean Tirolehttps://t.co/YdVGjsh84U — Noah Smith (@Noahpinion) September 22, 2018 Make of this what you will. I think reading […]
When writing this post I found myself a bit uncomfortable with terminology like “use value” and “exchange value” and so steered away from them – well also because a production function approach to the question is just so much damned clearer! Exchange value was fine, but use value I found a bit confusing – as […]
When I was a student a lecturer said to us “When analysing trade, does it make sense for us to assume everyone is the same? If everyone was the same why would they trade with each other?“. This is simultaneous a bit of a silly question and a useful one. He answered that they wouldn’t, […]