Sex, Drugs and Economics

Authentic, hand-crafted artisanal blog posts on economics and other stuff. Warning: May contain traces of nuts.

Tuesday, 31 January 2017

Thomas Schelling on equilibrium

I've been reading Thomas Schelling's book " Micromotives and Macrobehaviour ". Usually I would wait and write a review (wh...

Thursday, 26 January 2017

The minimum wage increase and the 'right' measure of inflation

The minimum wage increases to $15.75 per hour on 1 April. The New Zealand Herald had an interesting article yesterday on this: It will de...

Tuesday, 24 January 2017

Sir Tony Atkinson, 1944-2017

I was saddened to hear of the passing of the British economist Sir Tony Atkinson recently. Atkinson was one of the giants of the economic a...

Monday, 23 January 2017

Birkin handbags and the signalling value of Veblen goods

I was recently interesting by this Brooke Unger article published in 1843 magazine last year, about the economics of Birkin handbags. The ...

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