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