Do We Talk So Good or Sowell?

The first day of class is always nerve-racking. You can typically tell within the first few minutes how the rest of the semester will go. If the professor cracks some jokes, hands out the syllabus, and lets you out early, then you’ll probably be in for a good next few months. Other times, your worst fears come true when the professor hands out the syllabus and then proceeds to lecture for the remaining two and a half hours. Continue reading “Do We Talk So Good or Sowell?”

Michael Spence — Signalin’ with Brooks Brothers and Bro-Country Music

Say you walk into Brooks Brothers and the staff ignore you. Why would this happen? Although the staff have no concrete information about your budget, they can examine your age, style, and demeanor to assume that you certainly cannot afford anything in the store, except for maybe a single sock. We see social experiment videos showing this type of behavior all the time. Ugh, these filthy salespeople and their brazen judgment. This rather scandalous judging, though, can be applied to help solve the information asymmetry problem. We say that information is asymmetric whenever one person involved in a transaction knows more than the other. Continue reading “Michael Spence — Signalin’ with Brooks Brothers and Bro-Country Music”

The story of HipHoponomics

“He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.”

— Ludwig von Mises, Economist

HipHoponomics is the marriage of Economics and Hip-hop. It is designed to provide a creative & dynamic front door for intellectual engagement in economics for students. From a personal passion growing up to a grad school project, to the development of a new movement in economics education receiving regional and national attention, here is the story of HipHoponomics. Continue reading “The story of HipHoponomics”

Human Capital: What It Is and What It Means in the New Economy

As we continue to explore the factors of economic mobility, acquiring a diverse chunk of human capital is arguably the most crucial factor of them all. So while we’ve all been indoctrinated to believe education stops when it’s time to “become an adult,” the truth is that we are going to have to dedicate our entire lives to learning in the knowledge economy. Get ready, fam. Continue reading “Human Capital: What It Is and What It Means in the New Economy”