Have you ever gone on a Tinder date that was not what you expected? You immediately swipe right at the sight of an attractive person holding an adorable puppy. But, minutes after showing up at the bar, you find your date is dismissive, rude, and has horrible taste in beer. Sometimes what you see isn’t what you get. When you take a step back, you realize that the things you attributed to the person in the profile picture do not reflect the reality of your date. Continue reading “James Heckman: Tinder Dates Gone Wrong”
The iPhone X just came out yesterday. This phone costs $999, has insane processing power, and has facial recognition that can be used to unlock the phone and make purchases. Technofears and privacy debates aside, this is a marvel of technology. I promise this isn’t an Apple commercial, I’m just taking a moment to be astounded at how far we’ve come today. Continue reading “Douglass North: How Did We Even Get Here?”
Moving to a new city, particularly in your 20s or 30s, can be a defining moment in your life. Yet people in the U.S. are moving at historically low rates, and you don’t need to look far to see why. Continue reading “Slow on the Move: Prices, Technology and Rent Control”
Though the hot topics of automated vehicles, fintech apps and artificial intelligence are game-changing, below the surface is where we find what is revolutionary. It’s called the blockchain. Continue reading “Bitcoin: The Blockchain Revolution Of The Modern Economy”
In his new book, The Complacent Class, Tyler Cowen re-emphasizes the role of economists in perpetuating pessimism. By connecting a slew of dismal trends backed by hard (and shaky) data, he offers a rationale behind the low levels of productivity, decreased economic mobility and low levels of economic growth. He categorizes the factors that make us seemingly FKD.
Continue reading “Dilemma: The Segregated Match”
Sometimes, it’s hard to tell if a new regulation is put in place to ensure safety or to make it difficult for competitors to compete in the same market. In the case of Michigan’s unprecedented rules on self-driving vehicles, General Motor’s involvement is not making it any easier. Continue reading “Safety Or Crony: General Motor’s Attempt To Lay Out The Rules”
In light of the most romantic holiday of the year, it’s time to flop it on the table and talk about the economic implications of the D.
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”
Our series on the modern economy ends with what lies ahead: the future economy.
Our series exploring the formation of the modern economy rolls on with our rollercoaster-riding aunts and uncles of Generation X. This was the group that experienced both historic peacetime economic growth and set us up for the financial implosion of the Great Recession — the hand-me-down we never wanted. Continue reading “How Gen X Helped Create the Modern Economy Before Leaving Us a Wreck”