↓Skip to main content

Economics

2026

A visually metaphorical image depicting the complex power dynamics and hidden conflicts within an organization, perhaps resembling an intricate chess game or a scene from a historical palace drama with individuals subtly maneuvering, illustrating the principal-agent problem where true intentions and actions are obscured.

The Principal-Agent Problem: Why Without Understanding This, Organizations Always Seem Like Palace Dramas

9 July 2026·3486 words·17 mins

A visual metaphor showing a person confidently walking on a tightrope without looking down, while an oversized, visible safety net below them distorts the sense of risk and responsibility. The net could be a metaphorical "hand" or "state" ready to catch them, implying endless bailouts.

Soft Budget Constraint: When a Safety Net Exists, Accountability Distorts

12 June 2026·3173 words·15 mins

Conceptual digital illustration depicting Jevons Paradox in the AI era, where automation acts as an accelerator for new job creation rather than a job killer.

Jevons Paradox: Why AI Will Increase Human Jobs

2 June 2026·2798 words·14 mins

A conceptual illustration showing a split screen: one side displays a highly automated factory producing mass quantities of cheap electronics, and the other side shows a warm, humanistic studio where artists and craftsmen work by hand, illustrating the division of modern economy into progressive and stagnant sectors.

Baumol's Cost Disease: Why Goods Are Cheap and People Are Dear

29 May 2026·3252 words·16 mins

An abstract illustration showing a small input (a spark or gear) being amplified through a series of interlocking geometric structures (levers and gears) into a vast, glowing network, representing the power of business leverage.

Business Leverage: Selling a Creation a Million Times

26 May 2026·3032 words·15 mins

Social Capital, Structural Holes, and Moving: Positions for Upward Mobility

3 April 2026·2653 words·13 mins

Heavy Tail: Our World Obeys Extreme Values

2 February 2026·2773 words·14 mins

Narrative: The First Principle of Our Universe

1 February 2026·2587 words·13 mins