Subsidizing micro-credit via lower interest rates is usually a bad idea.
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If I buy shoes from Zappos.com and they don't fit, I can send them back for a full refund -- no questions asked. They even refund shipping costs! If I...
Danny Kahneman's piece is one of the most lovely autobiographical sketches I have ever read. It provides a highly engaging survey of breakthroughs in economics and psychology over the past forty years.
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