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The Ethology of Homo Economicus
Early critics of John Stuart Mill attacked him for creating a monomaniacal economic man concerned only with the accumulation of money. In fact, Mill's construct possessed a considerably richer
Retrospectives: Pareto's Law
Vilfredo Pareto, using data for England, a number of Italian cities, several German states, Paris, and Peru, plotted cumulative distributions of income for these countries on double logarithmic
Employment impact of sugar-sweetened beverage taxes.
SSB taxes do not have a negative impact on state-level employment, and industry claims of regional job losses are overstated and may mislead lawmakers and constituents.
Robust voting
The formal equivalence between social choice and statistical estimation means that criteria used to evaluate estimators can be interpreted as features of voting rules. The robustness of an estimator
Retrospectives: Ceteris Paribus
This feature addresses the history of words and ideas often used by economists. At a minimum, the hope is to deepen the workaday dialogue of economists. At best, the discussions presented here may
Cost-Benefit Analysis and the Classical Creed
Cost-benefit analysis provides the dominant economic approach with whicheconomists talk to each other, to government bureaucrats and to the general laityabout the desirability of public programs and
The Impact of an Urban WalMart Store on Area Businesses
This study, the first on the impact of a WalMart in a large city, draws on three annual surveys of enterprises within a four-mile radius of a new Chicago WalMart. It shows that the probability of
The Value of Benefits of a Public Street Market: The Case of Maxwell Street
EDQ introduces a new format to the Forum section in this issue. Periodically an article is submitted to us that raises important policy or methodological issues that have generated sharp responses
Retrospectives: Consumer Sovereignty
The term "consumer sovereignty" is usually traced to William Harold Hutt and his 1936 book Economists and the Public: A Study of Competition and Opinion. Hutt paid only passing attention to the