Category Archives: Economics

A Problem With the Financial Services Industry

Notice I said a, not the.  There are myriad problems with the financial services industry.  This one is a relatively small problem, but I find it incredibly annoying.  This problem is that I have two bills due tomorrow.  The reason this is a problem is that tomorrow is Memorial Day which is a bank holiday, […]

Paid Sick Leave

I was sick this week.  A non-serious, but icky, kind of sick.  I won’t go into the details here.  But, I stayed home from work for a couple of days.  I believe very strongly in not infecting others when I’m sick.  I don’t send my kid to school when she’s sick either, even if it […]

Lies My Economist Told Me

There’s this weird feature in life where if people say things often enough, they become common knowledge and people stop questioning them.  The world of economics has raised the art of creating truths like this to its pinnacle.  We all know that governments are no good at picking winners.  We all know that regulation hurts business.  […]

The Job Market

Robert Paul Wolff writes a very entertaining blog called The Philosopher’s Stone.  Even when he is just bragging about his grandchildren, it is still utterly charming.  A little while ago, I read a post called Ein Gedankenexperiment A La Rawls.  In this post, he describes a thought experiment to determine what jobs would be worth […]

The Kid Economy

Some time between my childhood and now, the kid economy disappeared.  When I was young, I had a paper route and I shoveled driveways.  When I was in high school, I scooped ice cream and when I was in college, I washed dishes and cooked.  I had friends that were lifeguards, camp counselors, mowed lawns, etc.  Now, most […]