Hello, Welcome to Known Unknowns, a newsletter from an economist whose dissertation was kind of wrong, but she still believes in economics. Why Don’t Private Investors Care about Profit? We consume many services from companies who don’t earn (and may never earn) a positive profit. That means someone is subsidizing our Lyft rides – and that someone is you.
Known Unknowns
Known Unknowns
Hello, Welcome to Known Unknowns, a newsletter from an economist whose dissertation was kind of wrong, but she still believes in economics. Why Don’t Private Investors Care about Profit? We consume many services from companies who don’t earn (and may never earn) a positive profit. That means someone is subsidizing our Lyft rides – and that someone is you.