Summary ：This article explores Coase's theorem and its application in real life, emphasizing the principle "whoever uses it well deserves...

Summary： This article explores two crucial economic concepts: sunk costs and marginal costs. It highlights the difficulty in practicing...

Summary: This article explores the relationship between scarcity, choice, differential treatment, and discrimination. Scarcity...

Summary：This article discusses scarcity as the most solid foundation for economics. Unlike the assumptions of "rational man" or "selfish...

Summary: William Easterly's “The White Man’s Burden” highlights the inefficiency of charitable aid, citing the failure of $2.3 trillion...