Monthly Archives: June 2021

Priors and prejudice

Posted on June 25, 2021 by koenfucius

(featured image: Nicole Köhler/Pixabay) How open is our mind, really? A few days ago, a prominent economist posted a table on Twitter. In itself this was not a particularly remarkable event, were it not for the fact that it showed … Continue reading →

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Naturally

Posted on June 18, 2021 by koenfucius

(featured image: Department for Transport/Flickr CC-BY-ND 2.0) Is there a “natural” state of things that is inherently superior? You’re happily driving along on the motorway. It is quite busy for a Tuesday afternoon, and there is a slight drizzle. Suddenly, … Continue reading →

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The meaning of money

Posted on June 11, 2021 by koenfucius

(Featured image: Roman K/Flicker CC BY-ND 2.0) What money means in economic terms, and what it means to us, are two – or many more – different things Imagine you have just spent £70 (€80, $95) on something, only to … Continue reading →

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Pricing principles

Posted on June 4, 2021 by koenfucius

(featured image: David Trawin/Flickr CC BY-SA 2.0) Are our principles absolute and unassailable, or are they for sale? In Florida, the COVID-19 vaccination rate among the staff of nursing homes and other long-term care facilities is, by any standard, worryingly … Continue reading →

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