Incentives matter

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Creative destruction in taxi medallions

from https://www.nytimes.com/2019/05/19/nyregion/nyc-taxis-medallions-suicides.html

Thomas J. Sargent speaks on Euro Crisis

Thomas Sargent Emergency Economic Summit for Greece: Part 2

No Considerations: Doing Business in India Without Bribes (amazing story)

Today’s rich are a working rich says an unimpeachable source

Tom Sargent Honorary Degree Lecture on the Eurocrisis

So @mfe_news advised @jamespeshaw that unilateral action is futile. Only global action will help.

.@mfe_news advised @jamespeshaw that a net zero carbon economy will cut annual GDP growth by 1/10 or more. Is that a 4% reduction in GDP by 2050?

What role empathy in public policy making?

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David D. Friedman With some thoughts on his new book

David D. Friedman | Market failure