econ_comics

Price ceilings aim to make things more affordable, but why do they frequently lead to shortages, black markets, and the very issues they were meant to solve?

The Phillips Curve attempts to explain the puzzling relationship between inflation and unemployment. In the short term Inflation and unemployment seem to have an inverse relationship, but in the long term things are more complex..

Definition of the day: Rentier State.
What are other examples of Rentier States that you can think of 🧐💭?

Share your thoughts below👇👇👇

Anchoring is one of the most documented biases in behavioral economics: the first number we encounter becomes the reference point that shapes how we interpret value.
As Black Friday and the holiday season approach, most “discounts” are designed around this effect, presenting a high initial price so the reduced price feels more attractive, regardless of true market value.