“If you can’t control your own house, how will you be able to control the White House?” – Michelle Obama, 2007 presidential campaign speech The word “economy” descends from the ancient Greek word oikonomia, meaning ‘law of the home.’ Whereas the market can be considered to be an institution whose main task is the preservation and [...]
This article was solicited by the Amherst College Economics Department to highlight the work of some of its alumni. An edited portion of it was printed in its recently released Handbook. I, for one, think that it’s completely rational to work for non-profit pay with a degree that prepared me for investment banking. While I [...]
I’ve been rejoicing to witness our US presidential election campaign narrative turning to economics, thanks to a contender with a background in the private equity business (or, vulture capitalism, as it is known to some). At the same time, I continue to feel great anguish that poverty and our nation’s and earth’s most impoverished have [...]
Cross-posted at my personal blog. The AP is reporting that the Obama administration will stop deporting youths who are DREAM Act eligible. This is unambiguously good news unless you’re upset that a key Democratic voting bloc (Latinos) might be more prone to support the President going into the 2012 election. I’m enthusiastically supporting this policy, [...]
Bill Bonner’s diatribe against undergraduate education at UVA in the name of Thomas Jefferson and Rabbi HIllel demonstrates the same lazy habits of thinking and writing that I try to drill out of my first year undergraduates. Here’s what he could learn from reading R. Hillel more closely.
Being a graduate student with a family has brought many challenges, such as when my daughter decided to be born two weeks early and therefore two days before a scheduled oral exam. (My committee kindly agreed to postpone.) But the economic challenges have perhaps been most acute.