Tag: demand

Kaldor-Hicks Problems

This article discusses notions of economic efficiency, notes a main one employed by applied economists to be Kaldor-Hicks efficiency, and discusses a few issues with that concept. Here are some kinds of economic efficiency: Pareto efficiency – loved by theorists

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The Preference Elasticity of Demand: Overview and Motivation

Standard microeconomics includes a discussion on the Hicksian demand curve. This article extends a similar analysis to establish a post-Beckerian framework for the analysis of preference change. A big shoutout to Desmos which was used to create all of the

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Was the Government Shutdown Good for the Job Market?

This article will argue that it is possible the government shutdown was actually good for the job market. Washington Post and many others report that in the month of October the US economy picked up tens of thousands of jobs

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Organizations and Institutions

This article will rigorously define, compare and contrast organizations and institutions. This article is a bit long but worth the read. It is an improved version of part of a paper I wrote for a public policy class during graduate

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The Importance of Moral Information

This article will argue that information is heterogeneous. It will further argue that a particular kind of information is moral information and that information is a key driver of consumer and producer preference. These preferential changes can result in significant

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1 Thing That Will Explode Bitcoin Adoption

This recent article from Wamda laid out 5 things that bitcoin needs in order to grow adoption in emerging markets. I disagree with most of what was written. In this article I will show why those 5 issues have already

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