…Who are we to second-guess preferences? They’re all the same price, right? The (inexorable) implications? Concentration and distribution of wealth and income not only don’t matter. For economists who aren’t…

…in the price level, and thus substantial jumps in the inflation rate as the price level transits from its current to its long-run level. Moreover, there is more to the…

…certainly consider the positive price of Bitcoin to be a failure of the efficient market hypothesis. The case is also attractive, because the price certainly seems to roughly correspond to…

…median income and median prices): Figure3 While they use new home sales for their median house prices, we get the same result if we use the FHFA house price index:…

…2014, hospital-prices for inpatient care grew 42 percent compared to 18 percent for physician-prices for inpatient hospital care – For hospital-based outpatient care, hospital-prices rose 25 percent compared to 6…

…its gross sales in the U.S. last year, resulting in net price declines across its portfolio despite list price hikes taken on dozens of its prescription products. What is occurring…

…and one is a luxury, then the prices will depend on the income tax rate. The only difference is that with (frictionless) matching each seller sets prices and I don’t…

…most recent price spike exceeds what was forecast, so this is the opening for Summers and those who agree with him to argue that inflation is indeed a real risk…

by New Deal democrat Comprehensive April housing report: beware the inventory and price boomerang! Now that we have all of the April housing data, my comprehensive look at this long…

…change in GDP must be adjusted for changes in price….but accurately adjusting construction spending for price changes is no easy matter, because the National Income and Product Accounts Handbook, Chapter 6,…