Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons

Core Principle 1 - The Cost-Benefit Principle...

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How to measure the true cost of war: Justin Wolfers shows you the math | Diving In

The Pentagon said the war with Iran has cost Americans $25 billion. But that number only accounts for missiles fired and equipment destroyed. The true cost of war is measured by the future we’ve given up. In this video — my Director’s Cut of an Op-Ed I wrote last week for the New ...  Show more

Are Met Gala Tickets Too Cheap? | Diving In

In this episode of Diving In, Justin Wolfers breaks down the economics of the Met Gala using two big ideas from economics: signaling and non-price competition. The basic point is simple: the high price of luxury goods isn't a bug in the system, it's the whole point. So instead of ...  Show more

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