Economic Forces

Monopsony without a monopsonist

Plus am I starting a dancing channel?

Oct 1 • Brian Albrecht

43

6

September 2026

Price is Opportunity Cost

Price theory teaches you how to understand human behavior even beyond the market

Sep 24 • Josh Hendrickson

70

4

9

Your time changes the price

Pricing power looks different when the customer’s time is part of the price.

Sep 17 • Brian Albrecht

43

1

4

Insuring Against Success?

Are Universities Using Prediction Markets to Fund Their Athletic Compensation Schemes?

Sep 10 • Josh Hendrickson

28

5

When you should sell to the lowest bidder

A classic from Bulow and Roberts

Sep 3 • Brian Albrecht

41

1

3

August 2026

Should Central Banks Be Independent?

Independence, accountability, and lessons from the literature

Aug 27 • Josh Hendrickson

54

2

7

[Re-Post] The Treasury Standard

Thinking about the international monetary system

Aug 20 • Josh Hendrickson

25

5

Hotelling doesn't say what you think it says

Hotelling can also generate complete differentiation

Aug 13 • Brian Albrecht

94

4

9

Mr. Bessent and the Yen

Why is the U.S. intervening to boost the value of the yen?

Aug 11 • Josh Hendrickson

34

1

Losers and Welfare

What is the relevant welfare criterion for economic analysis?

Aug 6 • Josh Hendrickson

58

4

July 2026

What will happen to Mamdani's grocery stores?

It's not a price control, but the usual transaction cost economics apply

Jul 30 • Brian Albrecht

124

28

20

GDP and Living Standards

Does GDP Capture Changes in Living Standards? Potential Implications for Our AI Future

Jul 23 • Josh Hendrickson

70

6