Economics
Are Elon Musk’s Politics Driving Away Tesla’s Customers?
A new Yale working paper sets out to quantify the effect of the controversies over Musk’s transformation of Twitter and his time leading DOGE, and finds that they may have cost Tesla one million sales.
Can we manage with(out) markets?
"Markets are a special set of rules of the game that define institutions to enable mass exchange of resources at a low cost." This is Martin Shubik's one-sentence definition of what a market is. Embedded in its few words are all the complexity and variation in how rules and institutions affect a market's functioning.
How do you face the unknown?
Nature abhors a vacuum. Air invades emptiness. Water floods open space. What happens when a wall is breached and markets are allowed to enter countries where they’d previously been banned? In the 1990s, Rosemary Ripley participated in the infusion of private enterprise into former command economies.
