A Day in the Life of Homo Economicus
There are four of us, standing self-consciously at an airport jetway, waiting for the ticket agent to finish printing our travel certificates. We chat and joke, as perfect strangers sometimes will, newly united in a little drama of our own making. The flight, you see, was overbooked. And we were the few, the four lucky […]
Globalization and Its Discontents – Econlib
There’s nothing special about free trade across international borders. The principles are the same whether I in Pacific Grove am trading with someone in neighboring Monterey or someone in Mexico, Myanmar, or Morocco. Free trade both within a country and across international borders is what has led to our huge standard of living. If that […]
Biden’s IRA sees Tesla and others review investments in Europe
Elon Musk, Tesla CEO, on a stage at the Tesla Gigafactory in Grünheide, Germany. Picture Alliance | Picture Alliance | Getty Images Tesla recently announced a strategy shift away from Europe as it seeks to benefit from unprecedented subsidies in the United States. But it’s not the only company reviewing investment decisions vis-à-vis Europe. Many […]
2:00PM Water Cooler 3/2/2023 | naked capitalism
By Lambert Strether of Corrente. Patient readers, I have a lot more to cover on Covid, including Corsi-Rosenthal boxes and some horrid news on Carl Heneghan, the Cochrane study’s unlisted author (which violates Cochrane rules). But sadly, it must wait until tomorrow; I cannot add orts and scraps today. –lambert Bird Song of the Day […]
Stick Shift or Automatic: Subjective Preferences
Back in 1976—it was another word, wasn’t it?—I purchased a Ford Granada in California. I remember the salesman confidently asserting, as if he had a serious theory to back up his opinion, that all cars would soon come with an automatic transmission. But one does not fool an economist so easily. I remember thinking, and […]
