In this three-part series, Yaz Naji traces how the idea of freedom in the United States has shaped its economic policy from the Great Depression to modern times. Part I explores the legacy of Franklin Roosevelt in shaping American concepts of positive freedom.
Is perfect completion feasible in a world where there is imperfect knowledge? Edmund Kemsley explores how information asymmetry can lead to market degradation and, in extreme cases, failure.
This article first appeared in Short Supply 2016 – check out the full magazine via the Short Supply tab at the top of this page!
Suvi Lokuge investigates whether it pays to be pretty.
This article first appeared in Short Supply 2016 – check out the full magazine via the Short Supply tab at the top of this page!
Prices contain an immeasurable amount of information. They are the sum of an entire population’s private preferences and an indispensable signal to achieve an efficient allocation of resources. But what about the information they don’t include? Taylor Nugent examines the work of Author Pigou on externalities, and concludes that his eponymous tax is the best way to make prices reflect the costs of climate change.
This article first appeared in Short Supply 2016 – check out the full magazine via the Short Supply tab at the top of this page!
This article first appeared in Short Supply 2016 – check out the full magazine via the Short Supply tab at the top of this page!
This article first appeared in Short Supply 2016 – check out the full magazine via the Short Supply tab at the top of this page!
Joseph Schumpeter reluctantly offers a stark account of the future of capitalism. Alarmingly, Schumpeter’s thesis is looking increasingly accurate.
This article first appeared in Short Supply 2016 – check out the full magazine via the Short Supply tab at the top of this page!
Game theory is used everywhere today, but few people could have guessed that John Nash’s theories could be so universally applied. Justin Liu reiterates the importance of theory in a modern context.
Alex Millmow, Professor in Economics at Federation University, provides new students and those returning to their studies in economics with some valuable advice, as well as a reflection on how the way the teaching of economics has changed in the past four decades.
Charlie Mei discusses the effects of the Black Death, and what it means for economies today.
At what point does rational debate turn irrational? Josh Brown examines how individual incentives are distorting rational arguments on climate change policy.
Elijah takes us to Hamburg and reflects on the city’s heritage as a flourishing centre of the Hanseatic League.
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