Robert Merton: Finally, The Real Key to Making Cheddar (And Possibly Causing Recessions)

So… we admit Alex gave you the ol’ bait ‘n switch with his post on Harry Markowitz, who basically came up with the sound advice that we shouldn’t put all our eggs in one basket. He teased saying that this was the “key to making cheddar.” You thought he was going to teach you how to make money. Continue reading “Robert Merton: Finally, The Real Key to Making Cheddar (And Possibly Causing Recessions)”

Current Econ Icons: Our 2017 Nobel Laureate Picks

It’s that time of the year again! Sure, the leaves start falling and we bring out the winter clothes, but what we really care about is the annual Nobel Prize award. Winning the Nobel Prize is like leveling up to Chuck Norris status; only the best in the field win. Very few achieve this status and as seen from our weekly Bygone Econ Icon, the contributions from the winners of the prize in economics are huge. Though there are a number of qualified economists in the field today, here are our picks of who will likely receive the prize on October 9th. Continue reading “Current Econ Icons: Our 2017 Nobel Laureate Picks”

Progress In Cuba Thanks To Airbnb. Don’t Stop It.

As the Trump administration considers how to go about “canceling the last administration’s completely one-sided deal with Cuba,” and now closing up the US embassy due to mysterious “sonic attacks,” Airbnb is hoping that it doesn’t scare off the booming business from U.S. tourists. Continue reading “Progress In Cuba Thanks To Airbnb. Don’t Stop It.”