I don’t think anyone doubts that the consumer welfare standard is somewhat indeterminate and can thus be politically manipulated to some degree. But the idea that it’s no less manipulable than a wide open public interest standard is bonkers. If you don’t like what Brendan Carr

They have a lot in common, most notably economic illiteracy and a zero-sum view of the world.

The idea that Democrats can dispense with persuading heterodox swing voters -- by moving left to mobilize its progressive base -- rests on nothing but bad intuitions, per Simon Bazelon's report vox.com/politics/46625…

number theorists will look you dead in the eye and tell you that loglogloglogloglogloglog(n) tends to infinity

doug melamed and I have a new paper on the antitrust policy issues surrounding search engine default contracts (link below). It's pretty comprehensive. We look at: - Economic effects - Relevant legal issues (e.g. causation) - Remedies Comments welcome!

Industrial policy is back. From AI to semiconductors, governments are rethinking the balance between intervention and competition. This new issue (with Int'l Ctr Law & Econ) explores this tension. Read Daniel A. Crane, Erik Hovenkamp, Marie-Therese Sekwenz & others! 👉 networklawreview.org/special-issue-…

Matt Yglesias knows a lot of stuff, but he even he should look stuff up before he tweets on the John von Neumann nature vs. nurture controversy. JVN's only daughter was one of the leading female American economists of her generation. en.wikipedia.org/wiki/Marina_vo…

Of course "neoliberalism" is a well-defined concept. It simply means [meaningless hand-waving].

3 economic errors in 3 sentences. Strawman: Nobody serious claims fans have "fixed total budgets." The actual economics is that stadiums jointly optimize BOTH prices to maximize total profit. Importantly, optimal beer and ticket prices aren't set independently.