The “economics of information” has been an active sub-field of study within the discipline of economics for many years. (A seminal work in this area is George Akerlof’s 1970 paper, “The Market for ‘Lemons’: Quality Uncertainty and the Market Mechanism.”)
I’ve been seeing quite a bit about “information” since the election. Despite the image above, the election was not a case of asymmetric information; it was all on the table. But no diatribe here; no rant; just a quote. Maya Angelou: “When someone shows you who they are, believe them the first time.”
Retired economics professor (“dismal scientist”). Married 40+ years to the love of my life; we have two grown daughters, both married, two granddaughters and a...