Incentives are life and death
If there was one word to sum up the whole body of economic theory, it would have to be ‘incentives.’ People act on incentives.
If there was one word to sum up the whole body of economic theory, it would have to be ‘incentives.’ People act on incentives.
Economists like us are not just funny people.
The Nobel Prize in economics left me somewhat puzzled.
Economists should take the time to ask themselves what they can learn from the events of the past three years.
There is nothing wrong with happiness, of course.
Economists should take the time to ask themselves what they can learn from the events of the past three years.
Maybe we should not be too critical of economists writing open letters.
The Red Tape Trading Scheme would make it possible to reduce administrative burdens without a top-down strategy.
A billion here, a billion there, and soon we’re talking about real money.
What a miserable place Australia must be if it finds itself behind a bankrupt economy and a country left ungovernable by the financial crisis.
© Dr Oliver Hartwich