Alex: No! I was right! ….A year ahead of time. Clearly, I was just predicting the future. Paul Romer is a Nobel Laureate for “integrating technological innovations into long-run macroeconomic analysis.” Remember when I talked about the impact of innovations in South Korea in our 2017 predictions? How they were on the cutting edge with … Continue reading We Got It Wrong: Paul Romer and William Nordhaus share the 2018 Nobel Prize in Economics.
I confess: I’m addicted to the battlefield that is the Facebook comments section. Maybe I need to go see a psychiatrist, but the moment I discover a comment thread where two wildly different ideas clash, my interest is immediately piqued. I even enjoy a healthy dose of schadenfreude whenever a conversation devolves into personal attacks. … Continue reading The Truth Behind Facebook Arguments
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
"He can visit all the diners, drive-ins, and dives he wants and poll every person in the U.S., but he won’t get all the local knowledge he needs to make the right decisions."
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? It doesn’t seem fair, but it all comes down to how we determine the value of goods. The value of these art pieces aren’t determined by the costs of materials … Continue reading Carl Menger: The Value Behind My Macaroni Art