The Dangerous Economist

In my macro classes we played a barter game. Each student got a list of 10 items they owned and 10 items they needed to get. Each list was s...

CPI vs. PCE: Untangling the Alphabet Soup of Inflation Gauges-Fed’s preferred measure of consumer-price growth may not be the one you think,...

See Etsy I.P.O. Tests Pledge to Balance Social Mission and Profit by HIROKO TABUCHI of the NY Times. Excerpts: "Etsy is one of a ...

See How Tennis Stars Handle the Tax Man’s Topspin: Players like Nadal and the Williams sisters show excellent footwork when protecting thei...

Factory work may have been a commitment device to get everyone to work hard. Odysseus tying himself to the mast was also a commitment device...

Click here to read the article . Excerpts: "Student loans had a higher delinquency rate than credit cards, auto loans and home mort...

See If an Algorithm Wrote This, How Would You Even Know? by SHELLEY PODOLNY of the NY Times. In my macroeconomics class, we talk about th...

From Business News Daily . Excerpts: "Topping this year's rankings were computer programming and entrepreneurship, both of which...

See Why Finland fined this driver $60,000 for going 14 mph over the limit . Excerpts: "Reima Kuisla was on his way to the airport wh...

See Gas’s Drop Drives U.S. Into Deflation Territory: Consumer-price gauge shows 0.1% year-over-year decline in January, first since October ...

See Time for a Presidential Panel to Investigate College Sports by Andrew Zimbalist in The Chronicle of Higher Education. He is a professor...

By Melissa Korn of the Wall Street Journal . Excerpts: "In 2013, 77% of adults from families in the top income quartile earned at l...

Below is a repeat of last year's Valentine's day post. I am not sure if the links are still working: The first one is Researchers ...

Below is a repeat of last year's Valentine's day post. I am not sure if the links are still working: The first one is Researchers ...

See Hundreds dodge rain for tree giveaway by Elda Silva, San Antonio Express-News. A good is scarce if there is not enough to go around w...

See Why Inspiring Stories Make Us React: The Neuroscience of Narrative by Paul Zak. Zak is an economist who uses neuroscience in his resear...

In economics, signaling theory says that we send out signals to convince people we have certain traits. For example, a college degree is a s...

Click here to read the article . One of the factors that can shift demand curves is expectation of future price. If, for some reason, you e...

Welcome to any new students. I usually post something 2-3 times a week. The entries usually have something to do with a basic economic princ...

Click here to see the strip . Dagwood : Boss, I need to talk to you about my need for a little raise. Dithers: Bumpstead, haven't y...