Tag: Economics (Theory and Philosophy)

How the N.F.L. Draft Became a Trading Floor

Oct. 19, 2020 Traded to the Tampa Bay Buccaneers With: Steve McLendon, DT For: 2022 6th-round pick March 15, 2023 Traded to the Houston Texans With: Shaq Mason, G For: 2023 6th-round pick April 28, 2023 Traded to the Philadelphia Eagles With: 2023 3rd-round pick; 2023 6th-round pick For: 2023 2nd-round pick April 29, 2023 […]

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Is the Boom-and-Bust Business Cycle Dead?

For much of modern history, even the richest nations have been subject to big perennial upswings and crashes in commercial activity almost as fixed as the four seasons. Periods of economic growth get overstretched by increased risk-taking. Hiring and investment crest and fall into a contraction as consumer confidence wanes and spending craters. Sales fall, […]

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Consumers Hate ‘Price Discrimination,’ but They Sure Love a Discount

It’s been a strange and maddening couple of years for consumers, with prices of essential goods soaring and then sinking, turning household budgets upside down. Perhaps that’s why, in late February, the internet revolted over Wendy’s plan to test changing its menu prices across the day. If the Breakfast Baconator winds up costing $6.99 at […]

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