People pay to make them bigger and smaller and there is an entire store in the mall dedicated to them. Every year, thousands of people walk to cure them of cancer. If there are 7 billion people in the world, this means about 3.5 billion people have them. What am I talking about? Today,...
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Ronald H. Coase, winner of the 1991 Nobel Prize in Economic Science, turns 100 today, still publishing. As The Economist magazine pointed out in its recent tribute to his work on firms: He has long chided his fellow economists for scrawling hieroglyphics on blackboards rather than looking at what it actually takes to run...
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Here are a few thoughts on the economics of apparent police brutality and media portrayals thereof: 1. Judiciously edited video can be deceptive. However, I’d be interested in learning the conditions under which a woman being cross-checked by a cop who looks to be about a head taller than her and probably 50-100 pounds...
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