My work draws attention to the role of uncertainty in economic decision-making and its entanglement with social and political processes. I examine the assumption of complete information embedded in many economic models and draw on both new institutional economics and behavioral economics to direct attention to an often overlooked level of analysis that examines the ways people acquire the information they use to make decisions and the impact this has on the way societies function.
"The Dictator's Knowledge Problem" in Economics and Political Institutions and Development
Another aspect of my research explores cutting edge ideas to communicate economic principles with students. The goal of my work in this area is to provide educators with a readily accessible toolkit to communicate effectively with their students and dispel the too commonly held belief that economics is boring and hard. Through hands on activities, in-class demonstrations, and media clips, students learn how economics impacts their lives every day.
I'm the executive director of the Journal of Economics Teaching where you can find many more innovative ideas on teaching economics from kindergarten to university.
Getting a chance to start over in a world of nearly unlimited resources sounds like a dream come true, but Phil Miller quickly learns otherwise after a worldwide epidemic wipes out humankind in The Last Man on Earth. The old rules that governed a pre-plague civilization are no longer relevant in this new world. In one of my recent projects, I examine how members of dystopian societies choose to cooperate, allocate resources, and handle conflict under uncertain institutional arrangements.