Inspired by a podcast at MacroMusings, let’s talk about growth. Alex Tabarrok and Tyler Cowen, co-authors of a couple of excellent textbooks on the principles of economics, discuss what they mean by “cutting edge” growth and “catching up” growth. The reason for this distinction arises because of the claim that particular institutions promote economic growth. … Continue reading Master Chefs Grow Slower Than New Cooks
Thanos made a HUGE mistake.
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 … Continue reading Barnes & Noble or Barnes & No More?
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, … Continue reading I Charged Too Little to Mow the Lawn
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