Morally questionable, economically efficient

In recent months, there have been serious whispers about an outrageous possibility: that one day soon, France — the seventh largest economy in the world — might not be able to pay back its debts. Right now, protesters in France are complaining about crumbling schools, the lack of ...  Show more

Connecticut’s property tax system has been broken for decades and the politicians have failed to fix the problem. So now, they’re trying something new: a citizens assembly. (Citizens assemblies are also old. They go back to Ancient Greece, when lawmakers were chosen not through e ...  Show more

No surprises here: The Economist reckons tariffs are a terrible trade tool. But what is most clearly harming American businesses and scaring off investors is <a href="https://www.economist.com/leaders/2025/03/27/the-unpredictability-of-trumps-tariffs-will-increase-the ...

Sure, markets work well in general. But for some transactions — like school admissions and organ transplants — money alone can’t solve the problem. That’s when you need a market-design wizard like Al Roth. Plus: We hear from a listener who, inspired by this episode, made a rem ...

Over 103,000 people need organ donations in the U.S. Some economists and health experts wonder whether creating a free or regulated market would resolve this. Those in support argue that with proper regulations, it can be safe, ethical, and financially beneficial for both sellers ...  Show more