By Paul Horton. It is clear to most critics and economic commentators that digital technology is displacing work and cheapening much of the work that remains. Amazon is likely to replace many warehouse jobs with robots once robots are created that can grasp packages. The consulting firm McKinsey predicts that …
By Paul Horton. A couple of years ago I had the privilege of listening to the late Nobel Economics laureate Gary Becker speak at my school. Professor Becker won the Nobel Prize for his book Human Capital that argued that the marketplace provides consumers with “rational choices” that rational people will …
by Stephen Stollmack, Ph.D. My life now seems to be on Fast-Track – so much more to learn about what’s going on in the world each day and more and more suspicion that the government has been hiding important things from us for years. Now that I am back to living alone, no longer having the responsibility of …
By Anthony Cody. We all remember the game of musical chairs. At a children’s party, the adults count the number of children, and put chairs in a circle, with one fewer chair than children. The children circle the chairs as the music plays, and when the music stops, everyone tries to get a seat. In each round, …
By John Thompson. Ordinarily, I am enthralled by the work of Planet Money’s Adam Davidson. Davidson’s contribution to the New York Times Magazines special edition Failure is great when explaining why “Losers Win.” But, he doesn’t mention two-thirds of the story about the loss of economic …
