Phil NA Response to Matt Bruenig’s Inflation PostsMatt Bruenig has written a set of posts about the current inflation/greedflation discourse (here,here,here, and here). Bruenig is smarter…Jun 29, 2023Jun 29, 2023
Phil NSupply and Demand: Market and FirmReading some of the inflation discourse has re-activated a certain pet peeve of mine. However, I had previously thought it was a simple…Jun 14, 2023Jun 14, 2023
Phil NTaxing Price Increases (Part II)Currently the UK is looking to implement a windfall profit tax; i.e. taxing excess profits being earned by oil companies. Similar ideas…Jun 28, 2022Jun 28, 2022
Phil NTaxing Price Increases (Part I)With oil and gas prices climbing higher and higher, there has been much discussion over what is causing the price inflation. Some have…Jun 28, 2022Jun 28, 2022
Phil NMarginal Demand and Maximal Profit (Price Controls Pt. 2)Recapping what was introduced in Part 1. A firm has a profit defined as:Jun 8, 2022Jun 8, 2022
Phil NModelling the Demand Curve (Price Controls Pt. 1)Imagine you run a firm that is going to produce and sell a single product, say a pharmaceutical drug. You aren’t sure what price to sell…Jun 8, 2022Jun 8, 2022
Phil NSome Real Data for the Min Wage PostI recently came across this paper about minimum wage effects. The paper presents a far more complicated model than the one I used in my…Apr 16, 2022Apr 16, 2022
Phil NModelling the Supply Curve and Minimum WageDavid Card recently won the Economics Nobel Prize (along with Joshua Angrist and Guido Imbens). His work on labor economics (with Alan…Jan 11, 2022Jan 11, 2022
Phil NWhy care about Pareto Efficiency/Improvement?I recently saw this Bloomberg article which argued against deficits. The article pointed to a set of studies involving macroeconomic models…Sep 28, 2021Sep 28, 2021
Phil NMonopsony TheoryIn my first blogpost (here) I connected some equations related to the economics of monopolies and applied them to labor markets. I ended up…Sep 7, 2021Sep 7, 2021
