Making Decisions When Married: A Wicksellian Perspective

Love is in the air! I recently married the love of my life. Marriage is not only a great tradition, it is economically effective! Well, in theory. We can now bask in the cost savings of consuming goods together such as a home, car, kids, Netflix accounts, groceries, and so much more! In practice, though, … Continue reading Making Decisions When Married: A Wicksellian Perspective

Animal Spirits Peer Pressurin’ Keynes

Animal spirits are involved in a whole lot of our decision making. The famous economist, John Maynard Keynes knew this all along. We make countless decisions guided by peer pressure, often regretting them in hindsight. For example, investing in stocks, experimenting with drugs, going to college, and even political stances are all activities influenced by … Continue reading Animal Spirits Peer Pressurin’ Keynes

Sir Arthur Lewis: Progress Always Beats Nostalgia

Donald Trump, the 45th President of these United States, has spoken emphatically about the factories that are running away from the United States and into the arms of Mexico and China. He said, “I have visited cities and towns across this country where one-third or even half of the manufacturing jobs have been wiped out … Continue reading Sir Arthur Lewis: Progress Always Beats Nostalgia