Sublime

Nos últimos anos, os economistas dedicaram muito tempo ao estudo dos Experts, obviamente porque, se os mercados dependem de informações, quem está mais bem informado deve ser mais importante.

Se não podemos confiar que as forças de mercado da oferta e da demanda fixarão ótimos preços de mercado, e não podemos contar que mecanismos do livre mercado ajudem a maximizar nossa utilidade, talvez tenhamos que buscar outra solução.

‘asset-liability management’

This sort of pricing would seem to be feasible; perhaps it is not done for the same reason that most U.S. consumers pay a flat monthly fee for unlimited local (land-line) telephone calls: consumers value having a predictable monthly bill and don’t like having to think about the cost consequences of their actions on a minute-by-minute basis.

it. If the default fund is terrific and can work well for most participants, or if the choosers are likely to blunder, then it might make sense to encourage people to select the default. If the creators of the default fund are not really experts, if the choosers know a lot, and if the situations of different choosers are relevantly different, then

here are four ethical principles for the twenty-first-century economist to consider. First, act in service to human prosperity in a flourishing web of life, recognising all that it depends upon. Second, respect autonomy in the communities that you serve by ensuring their engagement and consent, while remaining ever aware of the inequalities and dif

There is, however, a flip side to the market’s power: it only values what is priced and only delivers to those who can pay. Like fire, it is extremely efficient at what it does, but dangerous if it gets out of control.