Johnstone

Crossposted from the blog The Hazy Path to which I contribute. If you believe that democracy is guaranteed to triumph in the end, you might be in for a nasty surprise. You see, the path of democracy, once thought to be on an inexorable upward trajectory, has recently taken a...

Crossposted from the blog The Hazy Path to which I contribute (thehazypath.substack.com). In this article: the hidden effects of game theory, the power of incentives, and how to solve a problem that affects us all. As I read countless headlines about Britain’s escalating housing crisis, I was perplexed by its...