No deal but no no deal either
It turns out no deal isn’t better than a bad deal even though the commons has certainly expressed its opinion that the Withdrawal Agreement is very bad indeed. The Irish Backstop is the clincher, and this week the power was firmly in the hands of Geoffrey Cox, the government’s lawyer in chief, who with one...
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Revealed vs Stated (Including Falsified) Preferences
This week we discuss the difference between stated and revealed preferences. How do economists and politicians use preferences to form policy and should they ignore stated preferences altogether? We also delve deeply into falsified preferences, a particular type of stated preference, and how we are all threatened by the psychology of this phenomenon and it’s...
Podcast: Play in new window | Download (Duration: 54:13 — 75.6MB)
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