Links for Octember
A collection of interesting links covering history, science, economics, and culture, with Scott's commentary and observations on each topic.
A thread through the archive
Essays tagged “economics”. Follow an idea across the archive.
A collection of interesting links covering history, science, economics, and culture, with Scott's commentary and observations on each topic.
Scott shares and comments on various interesting links and articles covering topics like science, economics, language, and culture, with his characteristic mix of insight and humor.
The post details the economic and relationship systems of Raikoth, a fictional society designed to optimize for goodness and weirdness.
Scott explains the economics of bargaining and auctions, showing how prices emerge from negotiations between buyers and sellers when both parties lack perfect information about supply and demand.
Scott defines signaling and explains how it works through examples ranging from college degrees to diamond necklaces, emphasizing both its necessity for conveying credible information and its potential for wasteful resource destruction.