Celebrating 200 years of a deeply unintuitive idea: Comparative advantage
This past week marked the 200th publication anniversary of David Ricardo’s On the Principles of Political Economy and Taxation. Despite...
Why we under-appreciate the division of labor
Economists have long known that a key source of society's wealth is the division of labor. Robinson Crusoe was marvelously...
What is Cognitive Science of Markets?
Since I say I am a "cognitive scientist of markets," I damned well better have an answer to what this means. It's not quite behavioral...