Ecological Rationality Matters

1/26 was my first class with Professor/Dr. Pete Leeson. He seems to be very intelligent and also personable, but by nature of man and blogs I am choosing to write about some things he said with which I disagree rather than all of the things he said with which I strongly agree. The things he … Read more Ecological Rationality Matters

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 graphs this post will contain. The series will proceed as follows: Overview and Motivation Assigning … Read more The Preference Elasticity of Demand: Overview and Motivation