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Economics

Be careful what you wish for

The Covid-19 crisis does not and will not change the principles of economics – but that will not stop politicians from trying. We should not let them. [...]

The purpose of business is profit

Just as we should not change the basic rules of rugby lest we destroy the game itself, we should not change the basic principle of the market, either. In rugby and in capitalism, the purpose is to win. [...]

Economic literacy and the housing debate

At my next housing discussion, I will not mention I am an economist. Instead, I will demand that houses grow on trees, that infrastructure funding falls from heaven, and that people stop charging each other for products and services. Kumbaya, kumbaya. [...]

The economics of cheating

That’s what we should tell cheating students (and some developing economies): Don’t do it! You might end up like East Germany. [...]

Top 10

On capitalism by another name, explaining Trump, the perils of health hype, understanding inequality, Brexit's language barrier, Ikea economics and more. [...]