flâneur

Antitrust Is 40 Years Behind Contemporary Economics

follynomics.substack.com · 6,663 words · saved by 1 readers

Economics by assertion, not measurement. Or, What if the wordcels won?

“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” — Adam Smith, The Wealth of Nations, I.x.c.27 I have a vivid memory of arriving to a midterm exam an hour late, flustered and embarrassed, after two consecutive buses never showed up. My professor, a charming old Asian man I hadn’t spoken to much outside of class, did something incredibly kind that I do not think I was particularly deserving of. Rather than letting me scramble through the exam in the…

saved by

related reading