The Question That Connects Everything What is interest, really? Is it a reward for waiting, a compensation for risk, or something deeper?
Irving Fisher, the great American economist, defined interest …
Introduction: The Vintage Effect In wine markets, the concept of “vintage” is well understood — the year of harvest fundamentally affects quality and price. In art, the period of creation …
Introduction: The Missing Dimension In classical economics, scarcity is a function of supply and demand. A barrel of oil is scarce because there are only so many barrels underground. A Picasso …
Introduction: A New Category of Good Economics classifies goods along several axes: rivalrous vs. non-rivalrous, excludable vs. non-excludable, durable vs. perishable. Digital goods have traditionally …