The Cost of Kids
JACOB FAJNOR – APRIL 18TH, 2018 Economic theory offers great insights into why fertility in recent history behaves contrary to common sense predictions. Yet, pinning down an exact model that Continue Reading
Oil Prices on the Rise: A Return to $100/Barrel?
VINAY MARURI – APRIL 13TH 2018 In 2014, after a decade of high oil prices during which crude oil regularly traded above $100 per barrel, a strange thing happened. The price Continue Reading
Artificial Intelligence and the Rise of a New Social Class
VATSAL BAJAJ – APRIL 11, 2018 John Maynard Keynes first coined the term “technological unemployment” in 1930 in his essay “Economic Possibilities for our Grandchildren.” He defined it as the “unemployment Continue Reading
Why American Economic Policymakers Should Be Cautious
VINAY MARURI – APRIL 9TH, 2018 By all metrics, America is booming: the nationwide unemployment rate is 4.1%, inflation is low, and wages are starting to rise on average for Continue Reading
Social Security: An Answer for Developing Nations
JACOB FAJNOR – March 23rd, 2018 For years, fiscal conservatives have looked to cut and privatize Social Security in the United States, arguing that taxing working Americans causes leakages in the Continue Reading
Let’s Get Philosophical: The Value Judgements That Underpin Economics
MATTHEW FORBES – MARCH 19TH, 2018 Economics is often thought of as a discipline of numbers. Quickly glance through any economics textbook and you will find scores of graphs and Continue Reading
Bitcoin: Fad or Future?
ANASTASIA PYRINIS – MARCH 16TH, 2018 Bitcoin has been taking the world by storm. In December, the “open-source, peer-to-peer digital currency” hit an all-time high, reaching a value of $19,843 per Continue Reading
A Case Study in Stochastic Exponential Growth: Wealth Inequality in the United States
ANASTASIA PYRINIS – MARCH 14TH, 2018 One of the greatest issues plaguing the United States is the wealth gap, which has been steadily increasing for the past several years. According Continue Reading
Is the Sale Rack a Bad Thing?
JACOB FAJNOR – MARCH 12TH, 2018 Is it possible that getting a great deal isn’t always great? Turns out that for an economist, the short answer is “yes.” Let’s set Continue Reading
Free Money or Expensive Problems? Republican Fiscal Policy Run Amok
SETH BERTOLUCCI – MARCH 9TH, 2018 When the economy suffers from a deficit in aggregate demand, you’ve got to juice it up. Spend. Spend a lot. That’s been the public Continue Reading