The “demand curve” starts high and then falls.
An argument you hear a lot these days is that if the state paid for daycare, then more mothers would enter the workforce.
Universities are actually eager to increase the proportion of female professors.
Econ Journal Watch—a web-based triannual journal and podcast—has provided an outlet for pointed, constructive criticism of professional economics for 15 years.
Only surprises have real effects, Friedman argued, but their effects last only until people realize what’s going on.
The market moves for millions of reasons having to do with the calculations of millions of people.