Bloomberg (Noah Smith) notices market design: All of a Sudden, Economists Are Getting Real Jobs
" Instead of holding forth on policy issues or the welfare of nations, many are working with companies to create the kind of ideal markets that were previously confined to the pages of their academic papers. In other words, Keynes’ dream of economic dentistry -- or, more accurately, economic engineering -- might at last be coming true."
" Instead of holding forth on policy issues or the welfare of nations, many are working with companies to create the kind of ideal markets that were previously confined to the pages of their academic papers. In other words, Keynes’ dream of economic dentistry -- or, more accurately, economic engineering -- might at last be coming true."
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