Master Chefs Grow Slower Than New Cooks

In the latest podcast at MacroMusings, Alex Tabarrok, co-author of a couple of excellent textbooks on the principles of economics with Tyler Cowen, discusses what they mean by “cutting edge” growth and “catching up” growth.  The reason for this distinction arises because of the claim that particular institutions promote economic growth. However, we see countries … Continue reading Master Chefs Grow Slower Than New Cooks

Scandalous Loopholes: You’d Do It, Too!

This year, we’ve watched journalists uncover multiple instances of questionable behavior in the college admissions and financial aid process. Just google “college admissions” AND “scandal” and you will find all the evidence that you need that people are trying to bend the letter of the law in order to save some cash. From turning over … Continue reading Scandalous Loopholes: You’d Do It, Too!