Pondering price theory, past and present. A weekly newsletter covering all things economics.
| Platform |  | Pricing | Freemium | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 336 | Founded | 6 years ago | Last Issue | 4 days ago |
| Active | |||||
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[Re-Post] Prices and Information
The efficient markets hypothesis is often synonymous with the phrase, “prices reflect all available information.” This sounds really smart, right? And it is really easy to explain to people. “Ah, you see, if I have this information and you...
Monopsony without a monopsonist
Before I get into this week’s newsletter, I just wanted to encourage everyone to subscribe/follow/whatever the term on TikTok. The newsletter is still alive and well but we are trying to teach economics wherever we can.
If you’re more my g...
Price is Opportunity Cost
Here at Economic Forces, we love to extol the value of price theory. A common preconceived notion about price theory is that it is all about understanding market activity. The word “price” seems to give that connotation. However, I would ar...
Your time changes the price
A free theater ticket can still be too expensive. You might turn it down because your evening has value. That familiar fact has a less familiar implication: a high markup on the ticket need not mean a high markup on the night out.
When the...
Insuring Against Success?
Prediction markets are everywhere now. You can use prediction markets to bet on nearly anything. Recently, it was reported that a firm (or simply some other third party) had used prediction markets to bet on particular outcomes for college...
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Authors
The writers behind this newsletter.
Josh is Professor and Chair of the Department of Economics at the University of Mississippi
Using price theory to understand the world
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