Category Archives: Economics
What I’ve Learned this Past Year — 2009 Edition
Instead of doing New Years Resolutions, I’ve decided to look in the past and see how I’ve learned. To me, if one hasn’t learned things within the past year, then it’s as if one hasn’t gained wisdom. And if that’s … Continue reading
The Foreign Policy Top 100 Global Thinkers
Here. I’ll have to look some of them up.
Book Review: Nudge by Richard H. Thaler and Cass R. Sunstein
Suppose that you were in charge of a school district and you were given the responsibility of making the students healthier. Thus, you have a few options: Take away all of the candy and soda from the vending machines. Serve … Continue reading
Paul Krugman Explaining Why Economists Got It Wrong
Paul Krugman gives a great lesson in economics. Even I can understand it. Keynes did not, despite what you may have heard, want the government to run the economy. He described his analysis in his 1936 masterwork, “The General Theory … Continue reading
Leveling Out the Equality Field: An Experiment in Human Nature
There are many theories about what is human nature. Are we naturally selfish? Altruistic? Rational? Or just plain dumb? Let’s see this from an economic standpoint. There are some people that are poor. On one side of the argument, they … Continue reading
Economic Models from Left to Right
Newsweek brought in an interesting graph of economists from the left and right. I’ll just repeat it below. From the top, it starts from left to right: Karl Marx (1818-1883): Believed in total government control of the economy rather than … Continue reading
Living Without Money
Daniel Suelo has been living without money since 2000. As he states: I’ve been totally without cents since Autumn of 2000 (except for 1 month in 2001). I don’t use or accept money or conscious barter – don’t take food … Continue reading
Book Review: The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein
Recall Hurricane Katrina. It was a disastrous moment that put people into shock. Everyone was disoriented and confused in that situation. But now imagine someone having the idea that this is the perfect opportunity to implement a new system. Now … Continue reading
Dead Aid: Why Foreign Aid to Africa is Not Working
I haven’t read the book, but I would love to. Unfortunately with my busy schedule, I don’t think I will for a while. Perhaps if my students decide to talk about environmental issues and consumption, then I’ll quickly get it … Continue reading
Tea Parties On April 15th
So today is tax day and many Americans are rallying around waters to rebel against the government by planning a tea party. Supposedly, it’s supposed to copy the Boston Tea Party before the Revolutionary War. To me, this is ridiculous. … Continue reading
