A Capital Idea Attention Millennials: do you need some financial advice about how much to spend on college or how much to take out on loans or how to best pay off your loans? Do you need some financial advice about what career path to take or where to live that has good job opportunities […]
The Individual is dead. Top money was paid to put out the mother of all hits. I kinda liked you too. Why did it happen? Should we hire a detective to find out why you are dead? It might make as much sense as you performing an autopsy on yourself. Time of death: thirty years […]
The Great Shift Away From Economic Justice “The day of reckoning is here, we’re at the end of an era where we have Democratic spending policies and Republican tax policies. The result has been huge deficits and mounting debt burdens. It doesn’t work”- David Walker, former U.S. comptroller general. Rome wasn’t built in a day, […]
It’s in your food supply. It affects your health. The Fed Chairman does it. Robin Hood did it. Dying people must deal with it. The 1% get their share but so do single Moms. You can find it in merit scholarships. It was behind the Cold War. It pits the old against the young and […]
The Story of I, We, and IT continued The history of homo-economicus has always been about a battle between the I and the We. For each side, the IT has always been about equality. The I’s want equality of prospects for individuals to have the freedom to pursue the goals and motivations without government getting […]
Living in Los Angeles, I am inundated with stories in the papers about Frank McCourt, the owner of the Dodgers baseball team. His fate seems to also be aligned with the other news in the form of the nefarious Momar Gadhafi of Libya as they both try to cling to power with institutional forces trying […]
Leveraging Fairness with Commensurate Freedom in a BoodleWorld Imagine that you’ve gone to the doctor because you are hyperventilating and extremely nervous. The doctor asks you what you normally do when you are tense. You respond that you smoke a cigarette. The doctor, concerned about what will happen if you don’t get your anxiety under […]
In part I, how culture uses its large institutions may be blocking the changes needed to sustain the very institutions that we need. We need these institutions to not only flourish but for our survival. We used the examples of college admissions, collegiate athletics, commodities trading, and political elections. Can we change the story of […]
These are tough economic times, no doubt about it. In times like these, it’s hard to think of things to feel grateful for. Obviously, if I compare myself to someone living in a third world country who can barely feed themself, who worries constantly about the safety of their family, or about how much the […]
If you remember a bunch of Vietnam war protestors getting together in Washington, D.C. to levitate the Pentagon in the 1970’s, you probably weren’t there. Or at very least, hadn’t drunk the same orange juice they did. In 2009, with unemployment officially near 10% and unofficially near 18%, the FHA nearing the red, retirement accounts […]
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