The concept of first-degree price discrimination is considered just a "theoretical concept" by most economists, but Radiohead proved them all wrong without even trying.Read More
I recently read Jonah Keri’s The Extra 2%: How Wall Street Strategies Took a Major League Baseball Team from Worst to First and that got me thinking about baseball payrolls. There's not much analysis of them out there in the sabr-world, so here's my beginning to the conversation.Read More
Bitcoin might be the biggest news about currency since Zimbabwe's hyperinflation, but the irony is that it's not even money. It's just your run of the mill speculative financial asset.Read More
Recently, I started as an Analyst with Global Risk Insights, a blog dedicated to understanding political risk and its implications for the business community. I'm very excited to be joining GRI. So far, I've written about UK energy costs and Bitcoin in China - and there's a lot more on the way.
You can see my articles here, but I recommend you read the articles from the other contributors as well. GRI's contributors are smart as hell, and you're certain to learn a lot from their articles.
College rankings: They're just click bait.Read More
Here Are My Thoughts on Metropolitan Revolution, Now Go Buy The Book And Make Your Own Thoughts On Metropolitan Revolution
After attending an event with Bruce Katz, author of Metropolitan Revolution, I had some additional thoughts on his theme that the major players in American policymaking in the next 50 years are local governments. I warn against giving up the farm to attract corporate offices and factories, and speculate about the merits of metropolitan-wide industry specialization.Read More
Using an umbrella isn't a costless endeavor. I put together a simple model of the benefits and costs of carrying and using umbrellas. It might change how you think about them.Read More
Here are some words you'll probably never hear in an economics lecture: DIY, artisan, craft, and indie.
That's because most of the economics world passes over a small, but significant, corner of the economy rooted in anti-market activity and anti-establishment ideas.Read More
Home Prices in London are ridiculous and rising. There a lot of myths about why they are so high, but there's one real answer: No one is building any new homes for the people moving here.Read More