Harvard is the best school because the best students choose Harvard.
The no-pay rule is a great distortion in the labor market for basketball talents, and should be changed to make the college sport more entertaining.
The market may behave like a dart-throwing monkey, but this year’s Nobel laureates helped us understand the beast much better.
Very few economists enjoyed decades of anonymity followed by decades of recognition. Ronald Coase is one of them.
The overcrowding problem of “Fairy Tales and Fantasy Literature” is far from unique. Due to lack of qualified teaching fellows and classroom size, students have to compete for class spots.