Dynamic pricing holds out the promise of shifting peak demand as well as reducing overall demand. But it also raises thorny issues of fairness. All practical pricing systems involve tradeoffs between equity and efficiency. I examine the circumstances under which equity ought to be allowed to...

This paper analyzes the concept of identity developed by Amartya Sen in recent work, especially in the book Identity and Violence. It discusses the relationship between identity and solidarity, arguing that the former is necessary but by no means sufficient for the latter, so that, contra what...

What explains the growing class divide between the well educated and everybody else? Noted author Brink Lindsey, a senior scholar at the Kauffman Foundation, argues that it's because economic expansion is creating an increasingly complex world in which only a minority with the right knowledge...

Variations in the foreign exchange market influence all aspects of the world economy, and understanding these dynamics is one of the great challenges of international economics. This book provides a new, comprehensive, and in-depth examination of the standard theories and latest research in...