I organised a game today, 'Everyday choices', at Oulu's Villa Victor to introduce everyone there to how the economy works.
We rewinded to the barter times when we exchanged a good for another one.
As a bonus, I also added preference ranking for the endowed goods!

Reading my sister’s Master’s thesis before she hits submit — on something critical to the fight against Malaria.
One last brainstorm.
One last polish.
They really do grow up fast.

What I see...

Excited to share that our working paper has been featured in Hindustan Times!
🧾 Title: Inspecting the Impact of Financial Inclusion on Emissions in India: The Banking Channel
📍 With @saonray.bsky.social
📰 Media feature:
hindustantimes.com/ht-insight/c...
📄 Full paper:
icrier.org/publications...

I asked my students,
"How many of you like Bananas?"
Every hand went up.

I said, "Do you know if Germany doesn't import Bananas, you can't have them? Literally, there would be no Bananas to have since Germany doesn't produce any."

Silence.
That’s when trade became real.

Just like a body falling through vacuum reveals how speed relates to time,
perfect competition reveals how prices respond to demand and supply.
Both are worlds without friction.
Both are keys to understanding the world with friction.

Three things I ask myself before writing my code:
1. What is my destination?
2. Which routes can I take to get there?
3. Which route will be the most efficient?

Food for thought:

Looks like the people in 1964 were interested in Economics for 'the trends in business, labor, and taxes'.
Stumbled upon this ad while reading the 1964 article on Lindy's law.

People don’t remember statistics. They remember stories. And that matters—because the stories that stick are likely to shape the decisions of firms and consumers.
An interesting article @qjeharvard.bsky.social!
#economics

How does a stronger Canadian dollar affect importers? A new JIE (@jintlecon.bsky.social‬) paper by Michael B. Devereux, Wei Dong, Ben Tomlin shows that the importers increase their trade partners and their traded products.
#economics #trade #imports