Thinking Like an Economist: When Does it Pay Off?

Few people think like economists or policy analysts.  It requires a combination of facts, methodology, and discipline.  Let me start with some background and  a couple of examples. Policy Impacts Most people have a simple test.  They merely want to know what worked.  The prevailing standard is some gut feeling about "what is good."  A […]

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Requisite Investor Skills: Think Critically and Accept New Evidence

Critical thinking helps in any field.  I have the pleasure of participating in a discussion list that explores many issues where critical thinking is a focus.  The members have a wide range of ages and specialties.  They are quite different from average people in two respects.  They are intellectuals (an unpopular group in today's society) […]

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Housing Supply and Demand

OK, here I go with another educational concept that has no immediate and actionable investment advice.  I heard a couple of uninformed comments about housing.  One was that the market needed to push prices down so that it would clear.  This reflects ignorance.  Markets clear at the current price. The other was about shadow supply.  […]

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