Economics

Why You Should Stop Trying to Improve Your Weaknesses

Why You Should Stop Trying to Improve Your Weaknesses

There is a particular kind of moral comfort in working on what you are bad at. It feels responsible. It feels mature. Your parents probably told you to do it. Your teachers almost certainly did. The entire self improvement industry has built a cathedral on the foundation of this single idea: find your weaknesses, then […]

Why You Should Stop Trying to Improve Your Weaknesses Read More »

Is Crime Just a Bad Business Decision? Re-evaluating Modern Justice with Becker's Calculus

Is Crime Just a Bad Business Decision? Re-evaluating Modern Justice with Becker’s Calculus

Once, Gary Becker was running late to a student’s oral exam. He needed to park. The legal lot was far away. The illegal spot was right there. So he did what any rational person might do. He weighed the fine, the probability of getting caught, and the time he would save. Then he parked illegally.

Is Crime Just a Bad Business Decision? Re-evaluating Modern Justice with Becker’s Calculus Read More »

Is Modern Finance a Branch of Metaphysics? Alfred North Whitehead Makes the Case

Is Modern Finance a Branch of Metaphysics? Alfred North Whitehead Makes the Case

There is a strange moment in every finance textbook where the author quietly asks you to believe in something you cannot see, touch, or verify. It usually arrives around chapter three. You are told that markets are efficient, that prices reflect all available information, and that rational agents make optimal decisions under uncertainty. No evidence

Is Modern Finance a Branch of Metaphysics? Alfred North Whitehead Makes the Case Read More »

The Iron Law of Wages- Why Your Boss Actually Cannot Pay You More According to David Ricardo

The Iron Law of Wages: Why Your Boss Actually Cannot Pay You More According to David Ricardo

You work hard. You show up on time, hit your targets, maybe even skip lunch. And yet, when you ask for a raise, something strange happens. Your boss looks at you with genuine sympathy, sighs deeply, and explains that the budget just is not there. You walk away frustrated, convinced it is personal. But what

The Iron Law of Wages: Why Your Boss Actually Cannot Pay You More According to David Ricardo Read More »

When Tariffs Win- The Tiny Exception Smith Made for National Security

When Tariffs Win: The Tiny Exception Smith Made for National Security

Adam Smith is the patron saint of free trade. His name gets dropped in every debate about tariffs, usually by the side that wants them gone. Politicians wave around copies of The Wealth of Nations like it is scripture, quoting selectively, proving whatever they already believed. Smith said free trade is good. End of discussion.

When Tariffs Win: The Tiny Exception Smith Made for National Security Read More »

The Engineer vs. The MBA- The Eternal War Between Making Things and Making Money

The Engineer vs. The MBA: The Eternal War Between Making Things and Making Money

Over a century ago, a strange, socially awkward economist from rural town noticed something that most people still refuse to see. Thorstein Veblen, a man who could not hold a university job to save his life, looked at the American economy and saw two civilizations living under one roof. On one side stood the engineers,

The Engineer vs. The MBA: The Eternal War Between Making Things and Making Money Read More »

The Profit Paradox- Why Making Money is Actually a Social Service

The Profit Paradox: Why Making Money is Actually a Social Service

Most people carry around an unexamined belief that goes something like this: profit is what businesses extract from society. The entrepreneur takes. The customer loses. The margin between cost and price is a small act of theft repeated millions of times until someone ends up on a yacht. It is a tidy story. It is

The Profit Paradox: Why Making Money is Actually a Social Service Read More »