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Using Dichotomy to Teach Monetary Theory
Monetary theory is beautifully simple. The fundamental principle of economization underlies decisions to hold money or goods and what form of money to hold.
READ MOREMoney in a Near-Cashless Society
Many models in macroeconomics ignore money. A new paper by Ricardo Lagos and Shengxing Zhang suggests that is a mistake.
READ MORENew York Hospitals Suffer from Blockade on Profits
A little-known fact about New York state is that it has virtually no for-profit community hospitals. Thanks to laws in place since the mid-1960s, the Empire State effectively bans hospital ownership by corporations and discourages private investment.
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