ECONOMIC REASONING
Economic reasoning illuminates the rational choices individuals, businesses, and governments make in allocating resources, shaping markets, and crafting policies. Through principles of supply and demand, cost-benefit analysis, and incentives, it navigates the complexities of decision-making and fosters a deeper understanding of economic phenomena.
Find recent articles here
-
Insider Information
This blog explores how asymmetric information distorts markets, and the key fixes that reduce the information gap and prevent good products and participants from being driven out.
-
Hooked, Anchored, and Sold
Know more on how marketers use decoy products to guide your choices, why first prices become permanent reference points, and how context manipulation makes expensive options seem reasonable.
-
Actions (should) have consequences
A look into externalities, both positive and negative, that are often not accounted for in free market transactions. Government interventions, such as taxes or subsidies, aim to correct market imbalances and align private decisions with societal welfare.
Crossroads Chronicles 