
Pondering price theory, past and present. A weekly newsletter covering all things economics.
| Platform | Pricing | Freemium | Publishes | Weekly | |
|---|---|---|---|---|---|
| Issues | 339 | Founded | 6 years ago | Last Issue | 3 days ago |
| Active | |||||

Imagine you have a business that earns zero economic profit. It exactly covers its costs, including the return needed to attract investors and all that, but nothing more. Is this the end state of competition? Is there anything left for comp...
It is customary for Brian to write a post every year explaining the work of the Nobel Prize winner(s) in economics. Brian does a great job with these and thus I should feel no obligation to weigh in. Nonetheless, I occasionally can’t resist...
Suppose you get a $1,000 payment. How much do you consume? Before answering, we’d want to know a few things: Is this a one-time payment? The first of many? Can you borrow? Do you already have savings?
This year’s Nobel Prize went to Robert...
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...
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...
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The writers behind this newsletter.
Using price theory to understand the world
Josh is Professor and Chair of the Department of Economics at the University of Mississippi
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