Praxeology as an Antidote to Hyperreality
Government economic policies reflect abstract ideas of what agents wish reality were like. Praxeology is not beholden to abstract economic fantasies.Original
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Theory Explains Data, Not the Other Way Around
For most analysts, if the gross domestic product (GDP) data shows an increase, then this is perceived as good economic news. Conversely, if the GDP data shows w...
Tim Worstall
In this video, I challenge one of the most deeply embedded assumptions in modern economics: the idea that there is a shortage of money. No one in economics thin...
[2606.03767] Trading Frictions in Dynamic Cap-and-Trade Markets
Abstract page for arXiv paper 2606.03767: Trading Frictions in Dynamic Cap-and-Trade Markets
[2409.12721] Market Simulation under Adverse Selection
Abstract page for arXiv paper 2409.12721: Market Simulation under Adverse Selection
[2410.13103] Delegated portfolio management with random default
Abstract page for arXiv paper 2410.13103: Delegated portfolio management with random default
![[2606.03527] Competitive Information Design in Sequential Search](/static/img/curated/desks/afbytes-tech.png)
[2606.03527] Competitive Information Design in Sequential Search
Abstract page for arXiv paper 2606.03527: Competitive Information Design in Sequential Search
Tuesday assorted links
1. Chaucerian John Fleming has passed away. 2. Can we agree to disagree? 3. The viral Wemby video. 4. New dark output from AI? 5. Should Florida eliminate prope...
[2606.00972] Designing entry-monotone risk-sharing pools
Abstract page for arXiv paper 2606.00972: Designing entry-monotone risk-sharing pools
[2606.01018] Self-Duality and Transfer in Voting Games
Abstract page for arXiv paper 2606.01018: Self-Duality and Transfer in Voting Games
[2606.02306] Delusions of Grandeur and Their Benefits (and Hazards)
Abstract page for arXiv paper 2606.02306: Delusions of Grandeur and Their Benefits (and Hazards)
[2606.02362] Endogenous Fertility Waves and the Dynamics of Utility in an Overlapping Generations Model
Abstract page for arXiv paper 2606.02362: Endogenous Fertility Waves and the Dynamics of Utility in an Overlapping Generations Model
[2606.02503] Pay Beliefs and the Amenity-Pay Tradeoff
Abstract page for arXiv paper 2606.02503: Pay Beliefs and the Amenity-Pay Tradeoff
[2511.19627] Total Factor Productivity and its determinants: an analysis of the relationship at firm level through unsupervised learning techniques
Abstract page for arXiv paper 2511.19627: Total Factor Productivity and its determinants: an analysis of the relationship at firm level through unsupervised lea...
Socialism Kills
Foreword written by Dr. Stanton Samenow read an excerpt now Get your autographed copy now, only from DrHurd.com!
The High Cost of Infinite Search: How AI Agents Break Travel Economics
Learn how AI influences travel search costs, reshaping the economics of booking across the industry.
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Monday assorted links
1. Progress Ireland. 2. Some new results on tatonnement? 3. The new Paul McCartney album is his best since the 2004 Chaos and Creation in the Backyard. Here i...
[2605.31072] Comparing Market Mechanism Efficiencies
Abstract page for arXiv paper 2605.31072: Comparing Market Mechanism Efficiencies
[2605.30916] Welfare, Improvability, and Variance: A Principal-Agent Approach to Optimal Benchmark Item Aggregation
Abstract page for arXiv paper 2605.30916: Welfare, Improvability, and Variance: A Principal-Agent Approach to Optimal Benchmark Item Aggregation
[2605.30493] The Markup falsification Adaptative Set
Abstract page for arXiv paper 2605.30493: The Markup falsification Adaptative Set
[2605.30515] Obviously Strategy-proof Choice of Social Acts
Abstract page for arXiv paper 2605.30515: Obviously Strategy-proof Choice of Social Acts
Industrial Policy between Rentierisation and Retaliation
Industrial policy, once a taboo in mainstream economics, is being mainstreamed by the very institutions that spent four decades stigmatising it. In March 2026, ...
The Big Problem With Economics Is Macroeconomics
The great Warren Brookes (1928-1991) joked in The Economy In Mind about the return of an economist from overseas, and a quip from a U.S. Passport official about...
Are we undermeasuring inflation for lower earners?
We document a new source of fluctuations in inflation inequality. When the cost of upstream inputs rises, varieties within a product category tend to have simil...
[2505.06846] Utility Maximization Under Endogenous Uncertainty
Abstract page for arXiv paper 2505.06846: Utility Maximization Under Endogenous Uncertainty