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Small country, hidden mechanisms, honest questions. A new column on luxetastestyle.online.
Suazanne Lucas makes short work of explaining why free is quite often the wrong price for a promotional campaign, not to mention many other things:The Mets made a nice gesture to c...
Prices rise. People blame capitalism. Politicians promise “solutions.” President Donald Trump wants to cap credit card interest rates. My socialist mayor wants to freeze rents. Eli...
P.T. Barnum's Golden Rules for Making Money
A 2024 paper claimed higher minimum wages don't kill jobs. It was statistically significant—and almost certainly misleading.
My latest paper, A Test of the Coase Conjecture Using Prices of Electronic Books, with the excellent Tim Groseclose, has just been published. The Coase Conjecture is another one of...
Welcome to the pro-market world of children's book author and illustrator Richard Scarry.
Alvin Roth, Nobel Memorial Prize–winning economist, wants us to think more about how controversial freedoms can become commonplace.
In Modern Principles, Tyler and I show the invisible hand by telling the story of how the increase in oil prices in the 1970s encouraged millions of adjustments in how goods were p...
I spoke on a panel at AEI with Nobelist Al Roth about his new book, Moral Economics, which covers “repugnant markets,” from prostitution to surrogacy to kidney exchange. A fun book...
Plus: New York City's persistent budget problems, the crony capitalist scramble for Venezuelan oil, senseless trafficking PSAs, and more...
Wolfers’s moment of clarity ultimately sent him down a road less traveled by academic economists: creating his own media company. On Wednesday, Wolfers, 53, announced that he had f...
Economist Donald J. Boudreaux’s new book provides food for thought.
Roth explains why legalizing kidney sales can save lives.
With his crisp breakdowns of President Trump’s trade moves and distinctive Aussie accent, Mr. Wolfers has become a TV constant. Now he’s starting his own media company.
Economists like to draw triangles. In trade, you can’t have high tariffs, no retaliation, and unchanged prices. In monetary policy, you can’t fix interest rates, fix the money supp...
Nobel Prize-winning economist Alvin E. Roth discusses the moral limits of markets, how bans create black markets, and why harm reduction often works better than prohibition.
What’s better than free New York Mets tickets? New York Mets tickets that cost $10. While you may think free is an ideal price, a The post The Problem With Free: What the Mets—and...
“There are two things you are better off not watching in the making: sausages and econometric estimates. This is a sad and decidedly unscientific state of affairs we find ourselves...
That is the topic of my latest Free Press column, starting with that rebranding of the sneaker company to “an AI company.” Here is one excerpt: As an economist, I find positive-su...
As regular readers know, our posts are usually on a 6-month lag, but this one is so important I had to share it with you right away. Paul Alper points us to an online video promoti...
We document a new source of fluctuations in inflation inequality. When the cost of upstream inputs rises, varieties within a product category tend to have similar absolute price in...
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