Pondering price theory, past and present. A weekly newsletter covering all things economics.
| Platform |  | Pricing | Freemium | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 330 | Founded | 6 years ago | Last Issue | 3 days ago |
| Active | |||||
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economicforces.xyzLatest Issues
Should Central Banks Be Independent?
One of the strengths of price theory is that it teaches you to think about problems in terms of constrained maximization, no matter the context. Yes, price theory often involves markets, but it can also be used to think about institutions,...
[Re-Post] The Treasury Standard
This a re-post. However, it seems timely to send it back out. The post addresses my views on the source of dollar dominance, how we got here, and why the system is potentially fragile. It ends with a link to my paper, which elaborates on th...
Hotelling doesn't say what you think it says
“Why do gas stations locate across the street from each other?” Hotelling.
“Why do all SUVs look the same?” Hotelling.
“Why are all social media video reels the same?” Hotelling.
“Why does every restaurant have a chicken sandwich?” Hotel...
Mr. Bessent and the Yen
Why is the U.S. intervening to boost the value of the yen?
If you’ve been following the news, you might have seen the recent actions taken by the United States to support the Japanese yen. A number of commentators have weighed in on this a...
Losers and Welfare
Whenever I write about welfare, I try to do so using Pareto efficiency as the criterion. Judging by the feedback that I receive when I write about welfare, people do not like this. However, I would argue that if you want to do objective wel...
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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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