Economics

These posts cover financial and economic topics, including taxes, financing, macro- and micro-economics
Apr
15
Why Aren't More Pharma Companies Non-Profits? (Newsletter 042)

Why Aren't More Pharma Companies Non-Profits? (Newsletter 042)

Is it possible for a company's successful pursuit of long-term profitability to create incentives that are harmful for their customers and for society as a whole?
5 min read
Apr
01
If You Don't Know The Costs Of Your Solution, You're Part Of The Problem (Newsletter 040)

If You Don't Know The Costs Of Your Solution, You're Part Of The Problem (Newsletter 040)

Greetings friends. Identifying problems is easy. You are not the first person or the only person to detect things that
8 min read
Mar
25
Who Are The Most Cost-Effective Employees? (Newsletter 039)

Who Are The Most Cost-Effective Employees? (Newsletter 039)

It is economically rational for companies to consider their total costs when hiring and promoting employees.
6 min read
Mar
11
Can We Pay Everyone The Same Salary? (Newsletter 037)

Can We Pay Everyone The Same Salary? (Newsletter 037)

The recommended living wage slightly exceeds today's actual median household income. This raises some interesting questions.
7 min read
Nov
26
Is Your Country A GDPaholic? (Newsletter 022)

Is Your Country A GDPaholic? (Newsletter 022)

People all over the world are telling us something about their well-being that is not being captured in measures of GDP. They are telling us this loudly and clearly if you look for the data, and policymakers are largely ignoring them.
8 min read
Nov
23
Where Does The 2% Inflation Target Come From Anyway?

Where Does The 2% Inflation Target Come From Anyway?

Would you rather have greater purchasing power, or "output that is close to the economy's maximum sustainable level of output"?
7 min read
Oct
15
You Get What You Incentivize (Newsletter 016)

You Get What You Incentivize (Newsletter 016)

If your appetite is unlimited, no amount will ever be sufficient to satisfy your wants. No amount of tax is "fair" when there is no limit on what you aim to spend and redistribute.
7 min read
Oct
08
How Does It Benefit Me? (Newsletter 015)

How Does It Benefit Me? (Newsletter 015)

We are not entitled to unlimited freedom at the expense of our fellow citizens.
7 min read
Oct
06
If You Did Your Performance Review Like A Central Bank

If You Did Your Performance Review Like A Central Bank

This one is for everyone who's wondering what's up with "core inflation" and "transitory" inflation.
3 min read
Oct
01
Don't WFH Yourself Out Of A Job (Newsletter 014)

Don't WFH Yourself Out Of A Job (Newsletter 014)

If it is true that your job can be performed perfectly well remotely, does it necessarily follow that your job can only be performed by you?
5 min read