Blog Archives

Prejudice is inefficient and can hurt the people with the prejudices

Posted in Discrimination, Inequality

Some basic economics of the covid-19 pandemic

In 2007, the St. Louis Fed summarized research about the 1918 influenza pandemic and used it to predict what would happen in a pandemic like the present covid-19 crisis. Their predictions have been pretty accurate. For example, the report predicted

Posted in Health, Labor

The addictive dangers of modernity

For all the millennia of history before modern times, humans had very few options for entertainment and recreation. Food was bland, drugs were scarce, more time was spent making music than listening to it, and most social interaction was done

Posted in Health, Labor

Ikigai

In 2017-18 there was an ikigai fad in the West. Several new books were simultaneously published and numerous news articles were written.  Even the World Economic Forum got caught up in the fad and published an article about it.  They

Posted in Labor

This month may be the best time in history to look for a job!

One of the oddities of the macroeconomy is the fact that GDP falls wildly every year in the beginning of winter. That means that there is a kind of recession every winter. It isn’t an official recession because everyone expects

Posted in Labor, Macro

The occupation that tops them all

Claire Cain Miller at the New York Times gets the key issue with the gender pay gap: Flexible, predictable hours are the key — across occupations — to shrinking gender gaps, according to the body of research by Claudia Goldin, an economist at

Posted in Health, Labor

Another ineffective health care treatment Americans waste money on

Gabrielle Glasier writes in The Atlantic about the problems of alcohol abuse and how it is treated in America. The United States already spends about $35 billion a year on alcohol- and substance-abuse treatment, yet heavy drinking causes 88,000 deaths

Posted in Health, Labor

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