Author: Fan Yang
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A Clash of Ideologies
Today, we employ communist theories to analyze capitalism, and utilize economic theory to scrutinize communism. We aim to address the question that both Karl Marx and Adam Smith tried to answer centuries ago: what lies ahead?
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A Market for Lemons
What do lemons, used cars, and prostitution have in common? Today, we delve into the disparity between the objectives and results of public policies, highlighting the complexity of mastering a seemingly straightforward concept: incentives.
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Where’s My Package?
This is a typical principal-agent problem: how to prevent corner-cutting when delegating someone else to deliver a package for you?