Tag Archives: externalities

Positive unintended consequences

Posted on August 18, 2023 by koenfucius

Why it is good not only to have an eye for detrimental unintended consequences Much of what we do in our day-to-day life can be viewed through economic glasses: transactions with costs and benefits for the parties concerned. When these … Continue reading →

Posted in Behavioural economics, Economics, Psychology | Tagged , | Leave a comment

Economics for other people

Posted on June 5, 2020 by koenfucius

(credit: Lenny DiFranza CC BY/Flickr) Two core economics concepts are crucial to our decisions, and even more so if they affect others than just ourselves Late last Sunday, May 31st, my wife’s friend Linda got a surprise from the UK … Continue reading →

Posted in Behavioural economics, Economics, politics, Psychology, Society | Tagged , | Leave a comment

Our skin in their game

Posted on November 2, 2018 by koenfucius

(featured image credit: Pilots of Swiss CC BY) An economic term for the wrongs of the world One Friday, a long time ago, I was fortunate enough to travel in the jump seat on the flight deck of a Boeing … Continue reading →

Posted in Behavioural economics, Economics, Psychology, Society | Tagged , | Leave a comment

Coase on the coast

Posted on June 2, 2017 by koenfucius

(featured image: Adam Piggott CC0) Should we negotiate more with our fellow humans for a better life? A couple of weeks ago, I spent a few days on the English south coast, in unexpectedly clement weather. While we had brought weatherproofs … Continue reading →

Posted in Behavioural economics, Economics | Tagged , , | Leave a comment