Stand-Up Economics: The Micro Textbook
To coincide with the release of The Cartoon Introduction to Economics, I'm working on updates of a (free!) companion micro textbook. Here are the latest versions of the textbook: basic and with calculus.
Greg Mankiw on carbon
Read it here. Also interesting is Steven Landsburg's response here.
Adverse selection and unemployment insurance: Bad news
The NY Times reports the (economically) obvious: there's no private market for unemployment insurance. The problem, of course, is adverse selection: Individuals know much more [...]
The $500,000 hot dog
How much would you pay to have the exclusive license to sell hot dogs outside the Metropolitan Museum of Art in NY City? Slate reports [...]
My redesigned website… and my 1/2-LTE in The Economist
Just in time for my Letter to the Editor that was half-published in The Economist (click "more" to see the full LTE), I've got a newly redesigned website, courtesy of Outward Focus Design. I hope you like it, and please email me if you find any problems! [more]
Cake-cutting in the NFL
Here's a neat article about using auctions in NFL overtime.
Climate Update
NPR explains cap-and-trade with a fun story about limiting use of the word "dude". Alan Durning of Sightline explains why he (mostly) loves Waxman-Markey. The [...]
Elasticities and Monopoly Pricing
David Pogue talks about what he calls the App Store Effect: The App Store Effect says this: if you cut a software program's price in [...]
Health Care Update
Big debate about having a "public option", and bad news from a Congressional Budget Office review of health care proposals.
More depressing articles on the budget
The federal government is trying to bring back budget rules that embody some sort of common sense: Mr. Obama announced he was sending legislation to [...]