Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/auction theory

A Big 3 update

by Save the Rustbelt A Big 3 update What I Learned Over Morning Coffee in Michigan….. My original theory was this: 1) Big 3 file Chapter 11, 2) Big parts…

Politically Motivated Biased Censoring

…Bear, so let me suggest a solution. Since you’ve convinced yourself that I am some sort of a spokesman for a theory I have never mentioned and have never believed…

Why is Obama Being Treated So Well by the Right?

…who was once a low-budget terrorist is small potatoes. So what’s the deal? Its not like these folks have gotten more reasonable or more sane since 1992. My theory is…

The Paradoxes of Mr. Pond

…for he lived as simply as a workman; but because he really did believe in the old individualistic theory of what he called free contract. The type is almost unknown…

Petroleum Speculation Thread N+1

…don’t think they would act like agents in game theory if they were. I don’t think their markups or storage costs are anything like large enough to fit the huge…

What’s dumb about a windfall profits tax?

…very old theory of the firm which acts in shareholders interest and is not liquidity constrained. In that case, the tax is a tax on oil company shareholders who are…

What economics would you teach kids?

…basic probability theory from a Bayesian perspective with some heuristics and biases thrown in. Probability theory is a useful abrstraction for all sorts of problems, and it would also make…

Worth a listen

hat tip reader coberly Fresh Air from WHYY IraqIn Iraq, Tactical Theory Put Into Practice Lt. Col. John Nagl wrote the textbook on counterinsurgency — literally. Nagl was part of…