Economics

What you can read here

1. 1 Systematically Biased Beliefs about Economics: Robust Evidence of Judgemental Anomalies from the Survey of Americans and Economists on the Economy

   Bryan Caplan · 1 Apr 2002 · 3 korrents

   Ordinary people and economists systematically disagree about the economy, and the gap survives checks for economists' self-interest, their politics, and even general education. This shows the public's economic views really are biased in a robust way that simple alternatives cannot explain away. It reports survey analysis that rejects self-serving and ideological accounts and finds training effects remain large after education controls.

   economistsAmerica

2. 2 Applying Behavioral Sciences in the Service of Four Major Economic Problems

   Jason Furman · 1 Oct 2016 · 2 korrents

   Behavioral science keeps inventing tools and then looking for problems they can solve, when it should start with big economic questions and build insights to match. That flip would let behavioral ideas work alongside traditional policy tools on the large-scale problems economic policymakers actually face. It is an argument for reversing the usual order of applying behavioral science to policy, pushing against the current tools-first approach.

   behavioural science

3. 3 Acemoglu & Restrepo, "Robots and Jobs: Evidence from US Labor Markets" (NBER working paper 23285)

   Daron Acemoglu, Pascual Restrepo · 1 Mar 2017 · 3 korrents

   Adding industrial robots from 1990 to 2007 cut local US jobs and wages—one more robot per thousand workers lowered employment by 0.18-0.34 points and pay by 0.25-0.5 percent. That damage is distinct from Chinese or Mexican imports, offshoring, and other computers or machines. It reports local-market estimates built on robots competing with people for tasks, using each area’s industry mix and national robot adoption, and checks those areas were not already declining before 1990.

   robotics

4. 4 Chaos and Misallocation under Price Controls (with 2 co-authors)

   Alex Tabarrok · 12 Feb 2026 · 4 korrents

   When prices are frozen below market levels, sellers become indifferent about where to ship, so tiny cost differences send all supply to some markets and starve others completely. That feast-or-famine pattern creates losses from goods going to the wrong places that range from roughly one to nine times the usual loss from simply having less overall, calibrated to the 1973-74 U.S. gasoline crisis. It proves all-or-nothing outcomes are the normal result under price ceilings and gives bounds on the waste without assuming demand shapes, going past the standard quantity-loss measure and random-allocation benchmarks.

   benchmarksprice gouging