Author Archives: F. E. Guerra-Pujol

The Coase theorem applies to situations involving economic externalities, i.e. activities that produce harmful effects. It states that bargaining will lead to an economically efficient outcome, regardless of the initial allocation of property rights, when three conditions are met: (1) … Continue reading →

Zachary Abel’s work (pictured below) is a hollow sphere of 720 interwoven paperclips in the shape of a snub soccer ball. (Hat tip: Cliff Pickover.)

What’s going on here? Why won’t these people sell their lottery tickets? Endowment effect? Anticipated regret? Market failure? (Hat tip: Alex Tabarrok, via Marginal Revolution. More details here, via kottke.org.)

1. Daniel Lemire 2. James Roper 3. Wikipedia

What’s up with the proliferation of fake stop signs, especially on privately-owned roads and shopping center parking lots? Our student Gabriel Feliciano brought to our attention this fascinating thread on fake stop signs. Our recommendation: in place of fake stop signs, why … Continue reading →

If you missed yesterday’s total eclipse of the sun (21 August 2017), the next one will occur in less than seven years (8 April 2024). (Bonus material: Walter Cronkite reports on the 1979 eclipse, and here is a collection of the best … Continue reading →

Even after so many years, one of the things that I loved the most and still remember about my political theory professor Cedric J. Robinson was the quiet cadence and authoratative tone of his voice. Thanks to the wonders of … Continue reading →

We are writing a series of blog posts in honor of our teacher, mentor, and friend Cedric J. Robinson (1940-2016). Dr Robinson was a prolific and creative scholar who wrote about culture, history, political theory, and much more. For your … Continue reading →