Dogs may not see the gains from trade like humans. Though, like humans, as they engage with other dogs (and humans), they end up figuring it out on their own. Continue reading “Doggonomics: The Gains from Trade are not Taught, They’re Discovered”
Tag: market process
James Buchanan: Surprisingly, Politicians Are Humans
With a simple discussion on how stuff gets done in the political arena, it is easy to understand why it’s so hard to achieve the intended outcomes of that “stuff.” Everything is riddled with side-deals, loopholes, and compromises that detract or cause larger problems than the one(s) they are trying to solve. Continue reading “James Buchanan: Surprisingly, Politicians Are Humans”
James Buchanan: Surprisingly, Politicians Are Humans
With a simple discussion on how stuff gets done in the political arena, it is easy to understand why it’s so hard to achieve the intended outcomes of that “stuff.” Everything is riddled with side-deals, loopholes, and compromises that detract or cause larger problems than the one(s) they are trying to solve. Continue reading “James Buchanan: Surprisingly, Politicians Are Humans”
The Economics of the “Return Trip Effect”
Have you ever walked to a particular location, say a friend’s house, and found that the walk actually was a lot farther than you had expected making it quite the unpleasant walk? But, you found that on the way back the walk seemed to go by much more quickly? There’s a scientific name term for this. It’s called the “return trip effect” (RTE). Continue reading “The Economics of the “Return Trip Effect””
