Explore the connection between neoclassical economics and neoliberalism, focusing on the shared principles of free markets, ...
TPM CAFE is having a really fascinating roundtable this week on Chris Hayes' recent article in the Nation exploring the many worlds of heterodox economics. I have too many thoughts on this to be ...
We study a neoclassical growth model with the time preference determined by resources spent on imagining future pleasures along the line of Becker and Mulligan (Q J Econ 112:729—758, 1997). We ...
The neoclassical economic model predicts that price controls lead to deadweight losses. In experimental auction markets, actual deadweight loss is greater than what the neoclassical model predicts, ...
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