China's air pollution
How Affluence Relates to Pollution

China’s first three five-year plans had no mention of the environment. Then in plans five through nine, there was more. And now, looking at plans 11 to 13, we would see that 5% of all words rela…

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Ask Alexa Economic Advice on deadweight loss and gift giving
The Gift Giver’s Dilemma

When gifts are worth less to the recipient than the giver, the economy experiences deadweight loss and an “orgy of value destruction.”…

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