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”
We are all experts of some kind. I know this sounds like fortune cookie philosophy, but it’s founded on an important economic insight: local knowledge. Continue reading “Failure in Flavortown: What you know that Guy Fieri doesn’t”
Why does a painting that’s almost completely blue sell for $44 million while my perfect macaroni recreation of Adam Smith still sits on the market?
Continue reading “Carl Menger: The Value Behind My Macaroni Art”
Lately I’ve been knee deep in the process of job searching. Let me tell you guys, this is an ordeal. Although most people don’t think about it this way, finding a job is very costly! It’s a difficult process with a lot of what economists would call unseen costs. There are the costs of finding jobs that match my interests and skills. Then the cost of sending out my resume and applications to as many job opportunities I can get my hands on. Next, there are the costs of interviews to see if I’m a good match for the position. This takes a lot of time and sometimes I’m just not motivated to overcome all these costs.
Continue reading “Dale T. Mortensen-You Gotta Work Before You Work”
For North and South Carolinians, the new year brought forth new problems: the snowmageddon. The winter storm of 2018 covered the whole east coast including cities that do not see snow often. Folks in Charleston and Wilmington were in panic mode as they struggled to navigate the white, slippery roads. The beach bums were woefully underprepared. Every time a disaster like this strikes, the same old arguments arise. Of course, I’m talking about how to get goods to the people who need them the most. You might have seen it in headlines as price gouging. Continue reading “Leonid Hurwicz: A Defense of the Swindlers of Snowmageddon”
Gotta get y’alls blood pumping for this post, so let’s start with a pop quiz! Yes, this is graded.
Which country is more prosperous? The US or Saudi Arabia? Got your answer locked in? Continue reading “Amartya Sen: Just What are We Capable of?”
You know what really gets an economist excited? Models. Continue reading “Richard Thaler: What the Nudge?”