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Greeks Have Discovered That Incentives Matter

“Another new consequence of Greece’s economic crisis is that the skies of Athens and other cities are filled with smoke due to the increase in the use of wood burning stoves. The cost of heating oil has gone up 40 percent — a tax increase imposed by the troika. The Greek Environment ministry has issued a warning that the increase in pollutants in the air is posing public health risk.” Continue Reading →

No I Won’t Teach You Economics

There are three reasons I won’t explain economics. First, my students pay good money for me to teach them. Second, many issues that people want explained are simply too complicated for Facebook, certainly too wordy for Twitter. Third, many of the people asking these questions really don’t want to learn economics. Continue Reading →