The best economic thinking was never just about money. It was about incentives, power, human nature, and the invisible rules that make some people rich and others stuck. At Intellectual Prestige, we publish original essays that connect foundational economic theory – from Ricardo’s trade models to Becker’s analysis of everything – to the financial decisions, career strategies, and policy debates that shape your daily life.
There is a famous passage in The General Theory of Employment, Interest and Money where John Maynard Keynes suggests that the government could bury banknotes in old coal mines, fill the mines with rubbish, and let private enterprise dig them back up. He was not joking. Or rather, he was joking, but the joke contained […]
The Case for Digging Holes: Why Productivity Isn’t Always the Point Read More »
There is a strange contradiction at the heart of modern economies. We subsidize corn, bail out banks, offer tax breaks to corporations that relocate their headquarters across state lines, and hand checks to homeowners for installing solar panels. But when it comes to the single most productive asset a society can build – an educated
Why We Should Pay Students to Graduate: A Direct Investment in Human Capital Read More »
Adam Smith died in 1790. He never saw a YouTube thumbnail, never scrolled past a clickbait headline, never lost forty minutes to a video essay about why a cartoon from 1997 was secretly about capitalism. And yet, if you drag his ideas into the present, they have something uncomfortably sharp to say about the entire
There is something almost theatrical about watching a Fortune 500 company release a statement on social justice. The language is careful. The font is tasteful. The logo gets a seasonal makeover. And somewhere in the background, the same company is lobbying for tax loopholes that would make a Renaissance pope blush. This is not hypocrisy
The Economics of Virtue Signaling: Why Companies Talk Values but Chase Rents Read More »
There is a particular kind of power that does not announce itself. It does not wear a crown or sit on a throne. It sends emails. It schedules meetings. It builds org charts and performance review frameworks. It speaks in the careful, bloodless language of “alignment,” “stakeholder engagement,” and “strategic prioritization.” And it runs nearly
When Thucydides sat down to write about the Peloponnesian War, he was not really writing about war. He was writing about power. Specifically, he was writing about what happens when one state accumulates so much of it that every other state must orient itself in relation to that gravity. Athens did not rule the Aegean
The Dollar as a Trireme: Why Financial Hegemony Is Just Naval Power by Another Name Read More »
You will haggle over the price of bread. You will compare three stores to save forty cents on a loaf. You will feel genuine irritation when the price jumps from $3.50 to $4.20. Then you will walk into an Apple Store and spend $1,000 on a phone that is barely different from the one in
Why We Experience “Price Pain” for Bread but Not for $1,000 Tech Upgrades Read More »
Everyone has a theory about why divorce rates climbed so dramatically in the second half of the twentieth century. The usual suspects get rounded up every time: declining moral values, the sexual revolution, secularism, feminism, social media, dating apps. Pick your villain. The story practically writes itself, and it always ends with a nostalgic sigh
The Secret Reason Behind Rising Divorce Rates: It’s Not Values, It’s Incentives Read More »
Most economists in the mid twentieth century were busy drawing elegant diagrams on chalkboards and explaining how markets reach beautiful equilibria. Stigler walked into the room and asked a different question. Not how things should work. How they actually work. The answer, it turns out, is far less flattering to everyone involved. George Stigler won
Economics Without Romance: A Brutal Guide to How the World Actually Works Read More »
There is a quiet cemetery growing in the modern economy. It is not filled with companies or currencies. It is filled with credentials. Specifically, master’s degrees. Millions of them, printed on heavy cardstock, tucked into frames, and hung on walls where they slowly become decorative rather than functional. In 1803, a French economist named Jean-Baptiste
The Credential Graveyard: Why a Master’s Degree is “Supply without Demand” in 2026 Read More »