Updated: Oct 25

Oliver Hart and Bengt Holmstrom win the Nobel Prize in Economics for their work on Contract Theory! The following links have great explanations of their work. They are good examples of how to explain complicated concepts in simple English
– The Economist
– Sandeep Baliga on Cheap Talk
– Noah Smith on Bloomberg
– Tyler Cowen on Bloomberg

If you are looking for more technical details, check out the following posts on Marginal Revolution –
– The Performance Pay Nobel by Alex Tabarrok
– Bengt Holmström, Nobel Laureate by Tyler Cowen
– Oliver Hart, Nobel Laureate by Tyler Cowen

Regular Links

• A The Weird Economics Of Ikea By Oliver Roeder on FiveThirtyEight Oct. 21, 2016
• I Paid $2,500 for a ‘Hamilton’ Ticket. I’m Happy About It by Greg Mankiw in The New York Times,Oct. 21, 2016
• For that once-in-a-lifetime tool, The Sharing Depot in Toronto can help by Julien Gignac The Globe and Mail Oct. 21, 2016
• In today’s market, your food chooses you by Ann Hui. The Globe and Mail, Oct. 10, 2016
• What Walmart’s pay-rise experiment says about the future of low-wage work in The Economist, Oct 17, 2016
• Sending Potatoes to Idaho? How the Free Market Can Fight Poverty by By Sendhil Mullainathan on Upshot, The New York Times. Oct. 7, 2016
• Puzzled About Republicans and Trump? Game Theory Helps By Tyler Cowen on Bloomberg View, Oct 9, 2016
• Basic income is coming to Ontario: now what? By Alex Himelfarb and Trish Hennessy. The Toronto Star, Oct. 7, 2016
• A Good Truck Driver Is Hard to Find in Tight U.S. Job Market by Patricia Laya on Bloomberg, Oct 6 2016
• 5 things to know about Canada’s carbon pricing plans. By The Canadian Press in The Toronto Star, Oct. 3, 2016
• When it comes to college, money isn’t the problem by Tyler Cowen on Marginal revolution, Oct 2, 2016
• Crazy Busy? How Much Would You Pay For An Hour Of Calm? by Paula Davis-Laack on Forbes. Aug 18, 2016
• Prison breakthrough. The fifth of our series on seminal economic ideas looks at the Nash equilibrium in The Economist Magazine, Aug 20th  2016
• The Same Healthy Food, but It’s Cheaper Across Town by Stephanie Strom in the New York Times July 27, 2016
• DEMAND CURVE Why doesn’t Hermès want you to buy their amazingly expensive bag? by Brooke Unger in the Economist’s 1843 magazine, Aug/Sept 2016
• Arbitrage! blog post by Tyler Cowen on Marginal Revolution.
• Breakthroughs and brickbats. What economists can learn from the discipline’s seminal papers in The Economist Magazine Jul 23rd  2016
• Secrets and agents. George Akerlof’s 1970 paper, “The Market for Lemons”, is a foundation stone of information economics. The first in our series on seminal economic ideas in The Economist Magazine Jul 23rd 2016