ReasonablEconomics Advice for Mother’s Day

By Kevin D. Gomez and Alex Kanode

Mother’s Day is around the corner…like, tomorrow. Some of y’all may be panicking as we speak, thinking about what to buy the mothers in your life. Maybe you’ve read a clever economist’s argument that the best gift is cash and you’re thinking to Venmo your mom some dough. Continue reading “ReasonablEconomics Advice for Mother’s Day”

Lighting the Revolutionary Fire: Karl Marx

Hi! Welcome to our store! My name is Kathryn. What brings you out shopping today? Have you tried our new signature scent? It comes in body wash, lotion, fragrance mist, room sprays, candles, foaming hand soap, non-foaming hand soap….If you’ll just give me your hand, I’ll just put a little lotion there…and isn’t that just delightful? No? Not a fan of that scent? Of course you can browse! Take your time. And if you could please just remember to let them know who helped you – no, my name is Kathryn, not Kathleen – just let them know at the register…ok, well, Kathleen works too….” Continue reading “Lighting the Revolutionary Fire: Karl Marx”

What You Can’t See, Even When Looking Both Ways

I remember my first car accident vividly. I was making a left hand turn out of the parking lot and didn’t come to a complete stop. I was already turning when I saw the blue F-150 driving straight towards me. I stepped on my brakes. Too late. My body jolted forward as the F-150 hit my little black car. Sitting in the front seat, I tried to contain the rising panic, my hands shaking.  What would my parents think? If only I had waited just half a second longer…

Continue reading “What You Can’t See, Even When Looking Both Ways”

Why Big data Won’t Save Central Planners from the Knowledge Problem

Among statisticians, economists, and business executives, “Big Data” is all the rage. Large and detailed data sets that, until recently, couldn’t even be stored on a computer are now managed and analyzed using innovative statistical techniques. Hopes are high that these advances will improve scientists’ ability to predict human behavior. Some enthusiasts even speculate that Big Data will render markets obsolete, enabling central planning of the economy. Big Data is more than a buzzword, but its potential is often wildly overstated. Continue reading “Why Big data Won’t Save Central Planners from the Knowledge Problem”

We’re Naturally Blind

In 12 Rules for Life, Jordan Peterson gets to a point that is paramount for healthy living:

“That’s how you deal with the overwhelming complexity of the world: you ignore it, while you concentrate minutely on your private concerns. You see things that facilitate your movement forward, toward your desired goals. You detect obstacles, when they pop up in your path. You’re blind to everything else (and there’s a lot of everything else—so you’re very blind). And it has to be that way, because there is much more of the world than there is of you. You must shepherd your limited resources carefully. Seeing is very difficult, so you must choose what to see, and let the rest go.”

Continue reading “We’re Naturally Blind”