https://econpointofview.com/tags/economic/ Recent content in Economic on Econ Point of View Hugo -- gohugo.io Thu, 01 May 2014 00:00:00 +0000 https://econpointofview.com/blog/5-life-lessons/ Thu, 01 May 2014 00:00:00 +0000 https://econpointofview.com/blog/5-life-lessons/ Most of the stuff I post is pretty esoteric and nerdy. Only a small group of economists probably like it. I mean me and a random guy in Slovenia. That’s about it. It’s not a huge problem, since nerdy economic theory is what I enjoy and want to write about. This blog is mostly me talking to myself, so who cares? However, that’s not enough. Economics is the coolest discipline in the world. https://econpointofview.com/blog/entrepreneur-and-the-firm-from-an-austrian-perspective/ Sat, 22 Feb 2014 22:29:43 +0000 https://econpointofview.com/blog/entrepreneur-and-the-firm-from-an-austrian-perspective/ Firm theory is an awkward field for economists. Firms are inextricably linked to markets but utterly unlike markets. Economists believe they are excellent at explaining how people react to incentives in markets. Economists are not as comfortable analyzing command structures. Firms represent an odd middle ground. This is why firm structure is a relatively understudied field for economists. Economists can design the most complex auction system that satisfies X,Y,Z.