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What's special about Cobb–Douglas utility relative to the rest of the CES family?
This is not supposed to be an answer, just a comment: Cobb-Douglas function is named after the paper https://www.jstor.org/stable/1811556 (1928).
Most cases of production functions have returns to ...
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Does emerge of cryptocurrency cause inflation?
Current values of various currencies in circulation, in trillions of dollars:
USD: 2.32
Euro: 1.64
Chinese Yuan: 1.44
Japanese Yen: 0.86
Bitcoin: 0.71
Ethereum: 0.25
The cryptocurrencies constitute ...
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