Economic Concepts

Electoral Issue #2: Why We Demand Bad Policy

Under-appreciating equilibrium effects can result in voters demanding sub-optimal policy.

Sep 23 •

Economic Brain Teasers

Economic brain teasers can be helpful to understand economic relationships. Using them for ‘gotcha’ type answers, however, is extremely unhelpful.

Aug 20 •

How We Misinterpret Electoral Polls

Polls are often used as forecasts, when really they should be used as part of a model to forecast.

Aug 4 •

Can You Handle the Heat

Hot weather can be uncomfortable. But it also noticeably impacts behavior and economic output.

Jul 23 •

How Economists and Non-Economists Talk Past Each Other

One particular assumption – ceteris paribus (holding all else constant) – is the culprit.

Jun 1 •

Current Equilibria May Impede Progress

Societies can get stuck in a bad equilibrium without realizing. Getting out of them may require outside intervention.

May 13 •

Work from Home Will Have a Bigger Impact on the Economy than AI

No, it’s not because AI will have a small impact.

Apr 19 •

Don’t Tie Yourself to a Number

To draw appropriate conclusions from data, we can’t just assume that if the data is correct, it should also be applied.

Mar 26 •

An Illustrative Model of Housing Prices

Taking into account regional income differences can help us understand the behavior of housing markets.

Mar 18 •

Housing – Supply Side and Affordability

To improve housing affordability, we need policies that ‘increase land’. Public transit and remote work might just do it. Plus – which cities are…

Feb 5 •

Housing – Part 2: Price Dynamics

Rising house prices hurt affordability. What drives house price appreciation and how current government home buyer policies are not the fix.

Jan 22 •

Housing – Part 1: A Unique Asset

Housing, housing supply and housing prices are complex issues facing many societies. Part of it is driven by the unique nature of housing.

Jan 16

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