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Homo Economicus

Nicholas Decker, Dave Donaldson
Hundreds of paid subscribers

I write about cutting edge research in economics.

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Latest Issues

Why I No Longer Believe Macroeconomic Models of Climate Change

and other commentary on matters macroeconomic

Today I want to talk about two papers I read in the most recent issue of Econometrica. Both of them are serious papers, but they both illustrate a problem common to the field of macroeconomics:...

3 days ago
48
Paid

The Great Recession

This essay is my accounting of the causes of the Great Recession. It will be necessarily episodic, and presented in the form of a catechism. Before we get lost swimming in details, here is the thumbnail version of my views:

  1. The primar...
6 days ago
41
3

The Median Voter is a Maoist

What the American voter wants is impossible. Social Security is on track to be insolvent by 2032. What should we do about it? We could increase taxes to pay for the benefits, but 80% of voters are against that. We could cut benefits to matc...

13 days ago
435
17

Some Folk Fallacies of Housing

I am writing this article to rebut a specific claim which I have heard made many times. Perhaps you have heard this from your friends. Perhaps you believe it yourself. I hope this might change some minds.

Consider a house flipper. They buy...

17 days ago
48
5

Health Insurance is a Big Union

Health insurance often pays for things which are both predictable and certain. Isn’t that strange? The nominal purpose of insurance is to guard ourselves against risk — we want to be able to pay for unexpected large expenses without having...

20 days ago
66

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  • Nicholas Decker

    Follow me at https://twitter.com/captgouda24 for studies, papers, and takes.

  • Dave Donaldson
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