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Cryptocurrency owners can engage in decentralized finance (DeFi) by lending out their crypto through automated lending pools.

Decentralized Finance (DeFi) and the Future of Banking

Rather than applying for a loan through a bank, you can automatically borrow cryptocurrency online by putting up an equal or greater amount of collateral. This is decentralized finance (DeFi), and is a growing part of the finance industry....
5 min read
Positive externalities
Market failures

Positive externalities

Published on January 17, 2020

Depletion of fish stocks
Market failures

Depletion of fish stocks

Published on January 17, 2020

Market failures

COP24 Agreement

Published on January 17, 2020

Pollution
Market failures

Pollution

Published on January 17, 2020

Public transport
Market failures

Public transport

Published on January 17, 2020

Road Congestion
Market failures

Road Congestion

Published on January 17, 2020

Negative externalities
Market failures

Negative externalities

Published on January 17, 2020

Education as a merit good
Market failures

Education as a merit good

Published on January 17, 2020

Healthcare as a merit good
Market failures

Healthcare as a merit good

Published on January 17, 2020

Merit goods
Market failures

Merit goods

Published on January 17, 2020

Newer Posts
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Older Posts
Shoppers outside of a store of a well-known luxury brand that counts as a Veblen good, meaning popularity increases as price increases.

The Economics of Social Status: Why We Pay More for Less

Veblen goods are luxury goods that violate the Law of Demand, which states that quantity demanded of a good falls as price rises. Veblen goods actually become more popular as prices increase. Why is this the case? Can the purchase of such goods be reasonable?...
5 min read

Recent Post

Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?
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A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.
The Gig Worker’s Dilemma: Flexibility vs. Stability
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Online gamers can spend significant sums of money through in-game purchases, raising questions about behavioral nudges and gaming.
The Free-to-Play Game Economy: Selling Pixels for Billions
August 26, 2025

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