Economics

3 Things Economics Major Alexandria Ocasio-Cortez Gets Totally Wrong About Economics 0
- Economics
- July 20, 2018
A common criticism of Bernie Sanders is that “he doesn’t know anything about economics.” If only he had studied economics in college, some say, he would realize how destructive and illogical socialism is. However, if progressive heroine Alexandria Ocasio-Cortez’s recent interview on PBS’s “Firing Line” is any indication, a degree in economics is no longer
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Distinguishing Important Tasks from Urgent Ones Is the Secret of Success 0
- Economics
- July 20, 2018
“Our brains tend to prioritize immediate satisfaction over long-term rewards,” reports Tim Herrera. Herrera writes, “Even if we know a larger, less-urgent task is vastly more consequential, we will instinctively choose to do a smaller, urgent task anyway.” President Dwight Eisenhower knew his attention could be hijacked. He observed, “I have two kinds of problems,
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Another California City is Trying a Universal Basic Income: Will it Work?0
- Economics
- July 19, 2018
Starting in 2019, the city of Stockton will join San Francisco and Oakland in testing a “Universal Basic Income” (UBI) program that could eventually be expanded to a state or national level. The official website for the initiative explains: “The [program] will provide at least 100 Stocktonians with a Guaranteed Income of $500 per month for 18
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The Solution to Poverty Isn’t Charity. It’s Opportunity 0
- Economics
- July 19, 2018
When we fall ill, our bodies give us symptoms to signal to our brains that trouble is afoot. A fever, for example, lets us know that our body is working in overdrive to fight off some sort of infection. While it may be causing us tremendous discomfort, we know that the fever itself is not the
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Why It Might Be the Right Time to Quit Your Job 0
- Economics
- July 17, 2018
There is something absolutely beautiful about a tight labor market. It seems to shift decision-making from the boss to the employee. The jobs report is better than we’ve seen since the 2008 financial crisis, and perhaps in decades, and wages are on the rise. It’s a matter of supply and demand. Employers now are begging for talent, and ready
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What the Origins of Money Teaches Us About Spontaneous Order 0
- Economics
- July 17, 2018
Money has been around for most of human history. From Mesopotamia (or even earlier), all civilizations have employed some kind of medium of exchange to facilitate transactions regardless of their geographical locations, legal and economic systems, religious beliefs or political structures. Have you ever wondered why? In a brief essay entitled “On the Origins of
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