What are the implications of firm behavior for market efficiency and consumer welfare?

Bitcoin: What Does Mainstream Economics Have to Say? In his working paper, produced originally with the American Institute for Economic Research, BPI Senior ... Mar 31, 2023 ... Mainstream economists usually content themselves with stating something like “economics is what economists do” and “economists are those who ... May 2, 2018 ... Economics has persistently failed to address this fundamental — and solvable — problem. The gaps between inventions and innovations have led to ... Mar 11, 2019 ... By cutting off the bottom rungs of the employment ladder for the least skilled among us, you get rid of the feeling a person has of agency, of ... May 27, 2019 ... We propose a synthesis according to which people indeed act by rules, which usually work well, but may work poorly in exceptional or contrived scenarios. Nov 19, 2020 ... Neoclassical economics is current economic theory as we teach it. But rather than writing that straight down I figured I'd better go and check. Sep 16, 2019 ... The mainstream narrative thus whitewashes capitalism—obscuring virtually every trace of the linkages among race, racism, and capitalism. And in ... #24 - Mainstream economic theory holds that manufacturers ... The argument is that mainstream economic theory is wrong when it asserts that manufacturers simply ... Dec 4, 2019 ... Duflo believes that an excessive faith in financial incentives is one of the big things mainstream economics got wrong. “You can see the long ... Feb 6, 2025 ... It infiltrates paid jobs, eroding rights and deepening inequality. From freelancers' extra hours to care workers' unpaid duties, it sustains ...