Economics Just Lost Two Giants
“These thinkers are united by their devotion to understanding the institutions which underpin free and flourishing societies. They both understood that society’s “rules of the game” structure the incentives that economic actors face and downstream of these incentives lie the economic outcomes—for better or for worse.” ~ Caleb Fuller
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Could Kim Kardashian West Help Silk Road’s Ross Ulbricht?
If West could, if just for a moment, take a look at his case, would she consider helping?
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NYC’s Building-Emissions Bill Will Hurt the City’s Economy
Rep. Alexandria Ocasio-Cortez’s Green New Deal may have died in the Senate after a 0-57 vote that blocked the resolution, but in New York City, one of the deal’s main proposals has found a new home.
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Uber’s New Feature: A Response to Fake-Driver Epidemic
If we truly had a fully free market economy, this type of reaction would always be the norm. It is when crony capitalism reigns supreme that we have instances of companies knowingly pushing products that hurt consumers — with the support and blessing of the government.
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Thanks to Social Media, Millennials Are Revamping the Beauty Industry
One of the most groundbreaking characteristics of social media is that it connects consumers and entrepreneurs directly, giving businesses the opportunity to better understand and serve their clientele.
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Crony Capitalism Threatens Airbnb in South Africa
When more competitors enter the market, it simply gives consumers more options. That doesn’t necessarily mean that established firms will disappear; it only means that they will have to adapt to meet customers’ demands so they can better compete with the newcomers.
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