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What Would Be The Social Cost If Uber Vanishes?
Thursday, September 8, 2016 - 12:28pm | 313Read More...Uber, the popular ride-hailing app, may be popular among its users but not so much among lawmakers. Uber has been banned in Austin, Texas and has been banned or barred from entry in Barcelona, Spain, Buffalo, New York, Buenos Aires, Argentina, Vancouver, Canada, and Frankfurt, Germany. Uber...
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The Futility Of Attempting to Predict The Markets
Tuesday, May 6, 2014 - 3:45pm | 749Read More...We live in a world full of predictions. People are always predicting things like the weather, the outcome of hurricane season, sporting events and, of course, the stock market. The scary part about all these predictions is how often they are wrong -- and how often individuals rely on them. If...
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Legal Profession in Crisis? Law School Bubble, Weak Job Market Signal Precarious Changes
Wednesday, May 2, 2012 - 7:02pm | 1995Read More...Recent news stories suggest that the legal profession is reacting to the fact that the law school bubble has popped. I have previously discussed how the law school bubble is a subset of the higher education bubble. In this way, unlike a bubble in real estate, dot-coms, or tulips, the law school...
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Leviathan: On Monarchs, Mandates, and the Mainstream Media
Sunday, April 1, 2012 - 10:09pm | 1751Read More..."They that are discontented under monarchy call it tyranny, and they that are displeased with aristocracy call it oligarchy; so also, they which find themselves grieved under a democracy call it anarchy." ~Thomas Hobbes In the 17th century, the English philosopher Thomas Hobbes wrote of the...
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What Does Income Inequality Really Portend for the Future?
Friday, January 20, 2012 - 3:46pm | 2233Read More...Income inequality has become a hot issue in the current political debate, but what does income inequality really portend for the future?MarketWatch's Darrell Delamaide had an article Wednesday arguing that the issue of income inequality in the American political debate is not going away anytime...
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Ongoing Developments in the Unemployment Conundrum
Tuesday, December 6, 2011 - 12:53am | 2073Read More...While the US unemployment rate for November unexpectedly fell to 8.6 percent from 9 percent in October, recent jobs numbers may reflect deeper systemic problems in the nation with respect to labor and economic activity. According to the Los Angeles Times, "economists viewed the latest jobs report...
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Rise of the Shadow Economy: Second Largest Economy in the World
Saturday, November 5, 2011 - 2:01pm | 1459Read More...The fact that the shadow economy, or the black market or underground economy, is on the rise in the middle of a global financial crisis should be no surprise to economists.A recent post on Steven Levitt and Stephen Dubner's Freakonomics blog discussed the growth of the shadow economy across the...
