“The Big Short”: Funny, But Misleading
Adam McKay’s “The Big Short” achieves a surprising feat—making an economics film funny. And by funny, I mean hilarious. Nevertheless, it minimizes the true story of the 2007-2008 financial crisis by...
View ArticleEconomic Lessons from ‘Star Wars’ Planet Jakku
In “Star Wars: The Force Awakens”—which at this point I’m sure most of us have seen—we are exposed to some fundamental principles of economics. In this post I would like to examine three principles:...
View ArticleHow the China Bubble Is Wrecking the Global Economy
Don’t let President Obama’s rosy last “State of the Union” distract you—the global economy is in crisis. The stock market has taken a huge plunge in recent weeks, and the price of oil continues to...
View ArticleBusiness as Usual: Challenges to Entrepreneurship in Mexico
In 2011, Mexico ranked as the hardest working industrialized country in the world; its workers averaged 45 hours per week, an additional 519 hours annually more than the typical American worker....
View ArticleDodd-Frank: Repercussions on Community Banks and Local Lending
The circulation of liquidity in an efficient financial system is undoubtedly one of the primary pillars of economic progress. For the ever-changing dynamic of the current United States economy, a...
View ArticleThe Common Estimation of the Market: Domingo Bañez on the Just Price
Since the University of Chicago removed courses in the history of economic thought from the list of courses required for their doctoral program in economics, the study has fallen into the shadows....
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Why Is There a Lack of Opportunity in American Cities?
In 1831, a 25-year-old Frenchman stepped off a boat in Newport, Rhode Island. Over the ensuing nine months, he would visit nearly every major city along the Eastern Seaboard and inland America—from...
View ArticleFixing the Social Welfare System Will Require Creativity
Nothing is ever black and white. On a many different types of issues today, society is learning that most things cannot be boiled down to one of two options. So why are we seem to be doing that with...
View ArticleFostering Economic Growth: How Institutions Are the Catalyst of Change for...
Until roughly three hundred years ago, if you endeavored to uncover all of the literature on economic growth and its implications for the global economy, your pursuit would leave you empty handed....
View ArticleCapitalism: The Best We’ve Got, but Far from Perfect
Capitalism. To some, it’s the foundation of modern civilization, deserving of full credit for every luxury and amenity we enjoy. To others it is the epitome of oppression, not simply leaving the poor...
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