The One Where Tina Explains the Economics Behind Friends

By Tina Tomas (Creighton University)

Widely regarded to be one of the best shows in television history, Friends is about three young men and three young women who face life and love in New York.  Following these six through the tumults of dating, marriage, divorce, kids, and career changes, the show makes us laugh.
Continue reading “The One Where Tina Explains the Economics Behind Friends”

Barnes & Noble or Barnes & No More?

By Jessica Feese (Creighton University)

Anyone looking to buy a bookstore? Recent news has it Barnes & Noble is on the lookout to sell. Barnes & Noble enthusiasts may treat this as the end of the world, but just look at the facts: Barnes & Noble (B&N) is a company that sells elastic goods. In other words, there are a lot of substitutes to the company, books are a luxury, and time is money. And demand for books from Barnes & Noble has been slowly decreasing. As proven by Fortune.com, “the company’s market value is around $400 million, down about 80% from its 2006 all-time high about $2 billion”.   Continue reading “Barnes & Noble or Barnes & No More?”

Let Me Sweet Talk You Into Reading This

Working in restaurants, sweet talk paid my rent. Sweet talk ensured a good dining experience despite the $200 bottle of wine.  It was particularly lucrative when the sweet talk was so good they opted for a second bottle. Or, that five-star dessert adding another $50 to the check. Sweet talk wasn’t only directed at customers. I used sweet talk to persuade managers or fellow servers to put me in good sections or let me go home early. Continue reading “Let Me Sweet Talk You Into Reading This”

Maxing Out: The Value of College

By Clayton Dines (Creighton University)

Once upon a time, college was considered a guaranteed ticket to career success. But these days, many college graduates enter the real world with a degree in one hand and a massive amount of student loan debt weighing them down in the other. A college degree can be a great tool for career advancement but it comes at a very high cost – tuition, time, (and for some) your mental sanity. So in this post, I ask the very important question: is a college education worth the investment? Continue reading “Maxing Out: The Value of College”

Sh*t Economists Say Part 1

By: Alex Kanode and Kevin D. Gomez

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“He’s been complaining about not having any money and then he goes and buys a brand new Nissan truck,” my friend asks. “He’s acting irrationally!”

The economist responds, “Well, his stated preferences are obviously different from his revealed preferences. His budget constraint must be higher than we think! He’s definitely acting rationally.”

Confused stare.

/scene Continue reading “Sh*t Economists Say Part 1”

Who’s going to win the Nobel Prize: Our Picks… In Case You’re Interested

The Nobel Memorial Prize in Economic Studies is awarded on Monday, October 8, 2018, and your favorite commentators from ReasonablEconomics are here to give their predictions for who will take home the prize, glory, and potential $1.4million. Continue reading “Who’s going to win the Nobel Prize: Our Picks… In Case You’re Interested”

I Charged Too Little to Mow the Lawn

After the financial crisis of 2008 and 2009, my friend and I decided to start a landscaping business. Neither of us had gone to landscaping school nor did we have a particular affinity for lawn-mowers. (At least, not yet.) But hey, we thought, we live in Florida, grass grows like crazy most of the year, and, like haircuts, lawn mowing is pretty recession-proof. More importantly, we would be “business owners” instead of restaurant waiters. Continue reading “I Charged Too Little to Mow the Lawn”