Author: EconLearner

Economists were 1/50 of this group.Bettmann ArchiveI remember my economic history professor David S. Landes often talking about Joel Mokyr, who won the Nobel Prize in economics earlier this month. They must have been good friends. Professor Landes was hilarious and always made wry comments about the strange experiences he and his friends had in the profession. One remark had to do with how, during a trip to Germany, he had tricked his young daughter into believing, consequently, that their family was rich like the Rothschilds. Everything in the country, but also in Switzerland, had their name carved in stone…

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NEW YORK – JANUARY 9: Gold bars and coins are seen for sale at Manfra, Tordella and Brookes, Inc. January 9, 2003 in New York City. The price of gold has risen nearly 30 percent over the past year as investors seek stability as war with Iraq becomes more likely. (Photo by Mario Tama/Getty Images)Getty ImagesBuying gold means withdrawing resources from the wealth and information that create the private sector. This is because consumption is in most cases confirmation knownof exchanging access to resources (money) for existing wealth. The above is a friendly attempt to refute Ken Fisher claim that…

The nation’s health insurers have raised prices to boost profits while bracing for losses of customers who can’t afford more expensive coverage.gettyThe nation’s health insurers have raised Obamacare prices to boost profits while bracing for losses of customers who can’t afford more expensive coverage. American consumers this weekend began considering health insurance options for 2026 with open enrollment underway for individual coverage under the Affordable Care Act, also known as Obamacare. And what they’re seeing are big price increases from health insurers generally in the “20-25%,” range, according to an analysis of major publicly traded health insurers, though some are…

US Senator Rick Scott (R-FL) has reintroduced the Sunshine Protection Act in the Senate. (Photo by Anna Moneymaker/Getty Images)Getty ImagesHere’s a shocker, a bill that aims to address a long-standing issue has once again stalled in Congress. This time I’m talking about the latest iteration of the Sunshine Act, which would give states the power to make daylight saving time permanent year-round. This would mean that your Fall back next Sunday, November 2nd at 2am. it will someday become a thing of the past. The latest round of that bill seemed to have clearer skies ahead until it hit a…

Luxury houses are particularly vulnerable at these times because their identity is not only linked to the products but also to the personality and vision of the founder himself.“Luxury brands are based on a specific creative vision,” he says Gregory Carpenterprofessor of marketing at the Kellogg School and an expert on luxury brands.Armani explained this dependence, owning 99.9 percent of the company and continuing to insist, even close to his death at age 91, “As long as I’m here, I’m the boss.”Carpenter describes the challenges of succession in luxury brands.Why founders matter so muchUnlike mass-market companies such as Ford or…

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Texas Stock Exchange (TXSE) logo (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNext Tuesday, November 5, New York voters are likely to choose a new mayor who has campaigned for income tax increases for higher-income households and businesses; Meanwhile, on the same day, Texas voters are expected to approve ballot measures banning the state’s capital gains tax and the imposition of a tax on financial transactions. The increased opposition is sure to help the Texas Stock Exchange (TXSE), the new Dallas-based exchange due to launch in 2026.On October 31st Wall Street Journal report on a new…

Pulmonology and Critical Care Nurse Practitioner Jeanne Millett, left, and pulmonologist Dr. Thomas Smith review lung cancer screening scans at Albany Medical Center Friday, February 5, 2016 in Albany, NY. (Photo by John Carl D’Annibale/Albany Times Union via Getty Images)Albany Times Union via Getty ImaScreening for lung cancer remains strikingly inadequate, with reported screening rates of up to 16% according to American Lung Association. This means that fewer than 1 in 5 people who qualify for low-dose CT, the lung cancer screening test, actually get the test. This statistic is alarming since lung cancer is the leading cause of cancer…

With an unprecedented dataset on the content people watch on their phones, a team of researchers including Kellogg’s Guy Aridor was able to measure how often people watch election news. And the response was so low that they had to recheck their methods.”In the first two months after we got these results, we said something is wrong because the finding was so surprising,” says Aridor, assistant professor of marketing.On a typical day in the fall of 2024, the average person in his study encountered only about 13 election-related keywords—less than half of what they would encounter reading a single news…