Luck is the defining characteristic of all successful people.
I venture to present my own simplistic morality tale: the small investors are the righteous and weak. Bad regulation, encouraged by Lewis’s misinformation, is the evil. And the high frequency traders will lead the righteous through the valley of darkness that is the stock market.
The Economic Man is not exactly a romantic. Love is irrational, but Rational is the Economic Man’s middle name.
Yellen has the ability to strengthen the outlook of multiple currencies at the same time.
Last week, New Jersey became just the third state to allow online gambling, after Nevada and Delaware opened up the untapped market earlier this year. Those who are physically in New Jersey can now play all the games offered in Atlantic City without getting off the couch.
When I read Ruth Starkman’s New York Times op-ed “Confessions of an Application Reader” about her experience as an admissions reader, a scene from the sports movie “Moneyball” came to mind.
Two summers ago, I landed in Lyons, France with six euros in my wallet, only enough for a meal at the local McDonald’s. I was afraid that I could not name anything on the menu besides “royale with cheese,” but instead of being greeted by a French-speaking cashier, I stood in front of a kiosk that displayed food items in photos and multiple languages. It was effortless to order what I wanted despite the language barrier, and I got my food almost immediately after paying at the same kiosk.
Given the poor economics of the bill, I can only hope that Senator Warren’s real intention is to garner publicity and popularity rather than actually implementing her policies.
For a show filled with fire-breathing dragons and Machiavellian politics, Game of Thrones is surprisingly rich with economic metaphors that resemble the world we live in.
It’s easy for bombings in remote parts of the world to become mere statistics, but the Boston tragedy is a visual reminder of the experiences of those whose daily lives are full of terror.
The tolerance of diverse human desires in economic models naturally translates to tolerance of human desires in society.
Before the divestment movement investigates costs and benefits in a rigorous way, it is no more than a feel-good campaign relying on popular sentiments.
To start, the bill is plain good economics for the country. It is an indisputable fact that technology and human capital drive long-term economic growth. However, despite the United States’ dominance in high tech industries, the country’s education system falls behind other nations in the Organisation for Economic Co-operation and Development in STEM graduates.
Professor Sandel’s book may offer insights about moral concerns in markets, but he chooses to ignore the comprehensive intellectual framework that already addresses his concerns.