Monthly Archives: March 2018

The impact of self-selection on performance

Our behavior is strongly influenced by comparisons with others. These “others” are not usually assigned to us, but we choose who we interact and compare ourselves with. Or, as economists put it, individuals self-select into certain environments and into specific … Continue reading

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How China’s rise has challenged the benign view of free trade

The costs and benefits of free trade are one of the most contentious topics in economic policy. Economists often argue in policy discussions that trade is Pareto improving (i.e., at least one party wins without any other party losing) and … Continue reading

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