Perhaps the greatest lesson to be learned in economics is that public policies have seen and unseen effects. The mastery of such a lesson is what separates the good from the bad economist. “The bad...
Vincent de Van
Latest work
During the Cold War, people were shocked to see the Soviet Union lock up dissidents in state mental institutions because being against socialism was “proof of mental illness.” Soviet psychiatrists...
The concept of a pioneer’s advantage is based on a single, intuitive pillar: it takes time for knowledge to spread throughout society. When an entrepreneur mixes his existing knowledge and creates a...