Thursday, May 10, 2012
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I post market design related news and items about repugnant markets. See my Stanford profile. I have a forthcoming book : Moral Economics The subtitle is "From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work."
1 comment:
What if for god forbid all of the economists disappeared from the face of the earth tommorrow along with all the financial experts. an non of them could be replaced. Thats everyone that researches companies but does not process trades. Compare that with this what would happen if all the disel engine tech and auto tech disappeared from the face of the earth tommorrow. Thats the guys that fix your car or commercial vehicle. Again non of them could be replaced. The later would cause a almost unthinkable crisis within just a few months. The former would almost go unnoticed.
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