econ_comics

Price ceilings aim to make things more affordable, but why do they frequently lead to shortages, black markets, and the very issues they were meant to solve?

The Phillips Curve attempts to explain the puzzling relationship between inflation and unemployment. In the short term Inflation and unemployment seem to have an inverse relationship, but in the long term things are more complex..

Definition of the day: Rentier State.
What are other examples of Rentier States that you can think of 🧐💭?

Share your thoughts below👇👇👇

Anchoring is one of the most documented biases in behavioral economics: the first number we encounter becomes the reference point that shapes how we interpret value.
As Black Friday and the holiday season approach, most “discounts” are designed around this effect, presenting a high initial price so the reduced price feels more attractive, regardless of true market value.

Capital markets fuel economies by connecting capital seekers and capital providers 🤝

He made millions predicting a broken economy. Then he quit to expose it.
Gary Stevenson is shaking up how we understand money, power, and inequality.

Tag someone who always chooses the “now” over the “later”!

Quote of the day 📖 Stay informed & curious 🧐

Trade isn’t just about goods—it’s about power, politics, and history.
The following books critique free trade and globalization through lenses like development economics and political theory. If you want to stay informed in the current discussions about trade policy, these books are a great starting point!

- Bad Samaritans by Ha-Joon Chang
- Globalization Minotaur by Yanis Varoufakis
- The World For Sale by Javier Blas & Jack Farchy
- The Shock Doctrine by Naomi Klein
- Globalization and its Discontents by Joseph Stiglitz

Price discrimination is a selling strategy that charges customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to. In pure price discrimination, the seller charges each customer the maximum price he or she will pay.

In more common forms of price discrimination, the seller places customers in groups based on certain attributes and charges each group a different price.

Can you think of any other examples of price discrimination? Share below 👇

🐍The Cobra Effect 🐍

A term that describes an attempted solution that actually makes a current problem worse. Can you think of any other examples of the cobra effect ?

Share below 👇