Bart Remes

Was George Akerlof Right on the Market Failure of Asymmetric Information?

The law of gravity works everywhere on our planet. Yet at some places, gravity doesn’t work. Few people know this. For some strange reasons, people and objects start floating into space. It is annoying and very dangerous and requires action by authorities. Physicists call this phenomenon Gravity Failure. If you think this sounds like total…
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Income Inequality and Luck

In January 2018 the very famous Oprah Winfrey received the very prestigious Cecil B. DeMille Award at the Golden Globes. To a standing ovation of who-is-who she gave a rousing speech. The video of that rousing speech went around the world and created another standing – virtual – ovation. Let’s face it. It was a…
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Don’t Study Economics As A Martian

A Martian is observing Grand Central Station in New York. He is bedazzled by what he sees. Bodies wandering around aimlessly. He is curious and wants to understand what is going on. Then he notices that when the small hand on the station clock points to eight, there is a lot of movement as bodies…
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