Paradoxes in economics

product that people consume more of as the price rises

economical theory that increased efficiency in use of a resource also tends to increase consumption of that resource

economic theory that wealth of resources slows national growth

Result that no ranked-choice system is spoilerproof

paradox involving a game with repeated coin flipping

the value of a good is determined by the value of its most important use to someone

statement in international economics that that it is impossible to have at the same time a fixed foreign exchange rate, absence of capital controls, and an independent monetary policy

economic paradox that an increase in autonomous saving decreases aggregate demand and thus gross output, which will in turn lower total saving

conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies

econometric finding

that the equilibrium speed of car traffic on a road network is determined by the average door-to-door speed of equivalent journeys taken by public transport or the next best alternative

empirical paradox that point in time happiness varies with income but over time happiness does not

non-zero sum sequential game about auctioning a $1 bill with the rule that the 2nd-highest bidder also loses the bid amount; a paradox in which players make an ultimately irrational decision based on apparently rational choices

observation on flow of capital

paradox

book by economist Hans-Werner Sinn

increase in consumption following energy or resource savings

theoretical concept of economic growth that, paradoxically, worstens the economy

situation in which two players (firms) reach a state of Nash equilibrium where both firms charge a price equal to marginal cost ("MC")

Economic paradox on market efficiency

neologism in economics

economic theory that increased energy efficiency leads to increased energy consumption