Why do we use words like “natural” in economics? Or what about the word “utility”? The answer can be traced all the way back ...
Instead of quoting a historical figure like Adam Smith, Daniel Kahneman or John Maynard Keynes, legendary investor Warren Buffett believes the most consequential words on modern economics came from a ...
Imagine you consider lending $2,000 to one of two borrowers on a crowdfunding website. The borrowers are identical in terms of their demographic and financial characteristics, the amount of money they ...
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