Billy Foster, PhD

Billy Foster

Clinical Assistant Professor of Economics at

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Quotations

If an error is possible, someone will make it. The designer must assume that all possible errors will occur and design so as to minimize the chance of the error in the first place, or its effects once it gets made. Errors should be easy to detect, they should have minimal consequences, and, if possible, their effects should be reversible. — Don Norman, The Design of Everyday Things (2013)

Posts Tagged ‘drug policy’

Prof. Adam Martin explains how the drug war has altered incentives for both drug buyers and sellers, leading them to favor higher potency drugs. This is what economists call the potency effect.

Prof. Angela Dills discusses the economics of drug prohibition.