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.
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?”
The iPhone X just came out yesterday. This phone costs $999, has insane processing power, and has facial recognition that can be used to unlock the phone and make purchases. Technofears and privacy debates aside, this is a marvel of technology. I promise this isn’t an Apple commercial, I’m just taking a moment to be astounded at how far we’ve come today. Continue reading “Douglass North: How Did We Even Get Here?”
Whenever I mention I study economics to strangers in conversation, I’m often half-jokingly asked whether I know of any good stocks to invest in. Studying economics apparently means I know all the secrets to what made Warren Buffett filthy rich. Continue reading “Harry Markowitz: The Key to Making Cheddar”
Let’s talk about all the crazy things that are happening in Korea. No, not North Korea, they get enough attention for much less amazing things. The economy in South Korea has exploded since the Korean War. In just 60 years, they’ve gone from absolute poverty to a country of innovators and technology. A recent study showed that South Korea’s life expectancy would be 90 years by 2030. Life expectancy in the US, today, is less than 80 years. Continue reading “Robert Solow: Finding the Formula for Economic Growth”