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Creative destruction
23 Jan 2024 Leave a comment
in economic history, economics of information, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
Unfettered: Fishback 25 Years Later
17 Jan 2024 Leave a comment
in applied price theory, discrimination, economic history, economics of information, economics of regulation, health and safety, history of economic thought, human capital, industrial organisation, international economics, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, minimum wage, occupational choice, occupational regulation, poverty and inequality, unemployment, unions
A quarter century ago, economist Price Fishback published “Operations of ‘Unfettered’ Labor Markets: Exit and Voice in American Labor Markets at the Turn of the Century” in the prestigious Journal of Economic Literature. Fishback’s article is packed with insight… and understatement. But let’s back up. Virtually every standard history textbook describes U.S. labor markets before…
Unfettered: Fishback 25 Years Later
#GMOs
14 Jan 2024 Leave a comment
in economics of education, economics of information, health economics Tags: anti-GMOs movement
190308 [Webinar] Consistent Economic Policy and Economic Development
29 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, defence economics, economic growth, economic history, economics of information, Euro crisis, fiscal policy, fisheries economics, global financial crisis (GFC), great recession, growth disasters, growth miracles, history of economic thought, human capital, inflation targeting, labour economics, labour supply, macroeconomics, monetary economics, Public Choice, public economics, unemployment
Invincible ignorance
25 Dec 2023 Leave a comment
in economics of information Tags: cognitive psychology, conjecture and refutation, philosophy of science
“Invincible ignorance” refers to a state of ignorance that cannot be overcome because the individual has no way of accessing or understanding the necessary information. This concept is often discussed in moral and ethical contexts, particularly in philosophy and theology. In these contexts, invincible ignorance is the lack of knowledge that is literally impossible for […]
Invincible ignorance
You’re fooling yourself if you think you can land that plane
05 Dec 2023 Leave a comment
in behavioural economics, economics of education, economics of information, economics of media and culture, transport economics Tags: air accidents
Almost everyone has thought about it at least once. You’re on a plane, minding your own business when suddenly and unexpectedly, an announcement comes over your entertainment system that the pilots have been incapacitated and they are urgently looking for someone to land the plane. Would you put your hand up for this heroic task?…
You’re fooling yourself if you think you can land that plane
AASLE 2021 Bob Gregory Lecture – Claudia Goldin
23 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, discrimination, econometerics, economic history, economics of education, economics of information, gender, health and safety, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, sex discrimination
Econ Duel: Is Education Signaling or Skill Building?
11 Nov 2023 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, occupational choice Tags: signaling
Claudia Goldin with Kiana Scott: The Century-Long Fight to Close the Gen…
31 Oct 2023 Leave a comment
in applied price theory, comparative institutional analysis, discrimination, economic history, economics of information, gender, health and safety, history of economic thought, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap, sex discrimination
Book review: Information Rules
13 Oct 2023 Leave a comment
in applied price theory, economics of information
It’s been a while since I posted a book review, as I’ve been busy with teaching and various research evaluation activities (this year I’m a panellist for both the Royal Society’s Marsden Fund, and the Health Research Council). However, recently I did manage to finish reading Information Rules, by Carl Shapiro and Hal Varian. The…
Book review: Information Rules
Ronald Coase Part 2: Markets Don’t Fail, They Fail to Exist
26 Sep 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of information, history of economic thought, law and economics, Ronald Coase, Ronald Coase, theory of the firm
Creative destruction
05 Aug 2023 Leave a comment
in economics of information, economics of media and culture
What is this advertising?
16 Jul 2023 Leave a comment
in economics of information, economics of media and culture Tags: economics of advertising
David Friedman – The Problem with Externality Arguments – March 2023
31 Mar 2023 Leave a comment
in applied price theory, comparative institutional analysis, David Friedman, economics of information, economics of regulation, environmental economics, global warming, history of economic thought, law and economics, property rights
The evolutionary roots of folk economic beliefs?
14 Jan 2023 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of information, economics of media and culture, history of economic thought Tags: evolutionary psychology
‘Folk economic beliefs’ are the widespread beliefs about economic and policy issues, which are held by members of the public untrained in economics. This includes beliefs about trade, unemployment, the operation of markets, the effects of monetary policy, and so on. Many of these beliefs are incorrect, at least compared with the views and models…
The evolutionary roots of folk economic beliefs?
Utopia, you are standing in it! 
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