Teaching the Principles of Economics course to the first semester students at the Gokhale Institute is my absolute favorite thing to do. Both of these things matter – teaching this specific course matters, because I get to help young people realize how awesome economics can be. But teaching at the Gokhale Institute also matters, because … Continue reading “Not Even Sunlight is Free”
It goes without saying that I do not know enough about the details, but I certainly treat this tweet as good news. And in case you missed reading about it, there’s also this from last month. It is remarkable how much progress we’re making in the medical field, and based on what little I understand … Continue reading “A Tweet, A Reply, And So A Blogpost”
The ability to exercise good judgment is the binding constraint in development is the title of Gulzar Natarajan’s blogpost on Oliver Kim’s essay, which we’ve covered earlier here. Almost all of doing development is about making non-technical decisions (the technical ones are easier, have limited degrees of freedom, and mostly slot themselves into place). Such … Continue reading “Recursively. That’s The Only Change I’d Make.”
Let’s begin with the second class today. Your outline mentions the topic “Time Management and Opportunity Cost”. Before we begin the class, outline a definition of both terms, and explain their importance to my life. When you focus on the importance of time management to my life, make sure that you remember I am an … Continue reading “Put Me Out of a Job – 2”
Navin asked this question on Twitter recently: (My thanks to Mihir Mahajan for pointing the tweet out to me, and for requesting for a post on this topic) My current plan is to answer this question over three posts. In today’s post, I’ll try and answer this question using a first principles approach. That is, … Continue reading “Why is it bad to be rich?”
Or is that just nostalgia talking? Here is how Arnold Kling ends a recent blog post: I speculate that nonfiction books are headed down the path of academic journals. They will be useful for academics positioning themselves for tenure, but they will be too slow and ponderous for communicating ideas. People who really care about … Continue reading “Say It Ain’t So, Please?”
Actually, there is somebody who loses out in the case of the cook coming to work at our place. But for this story to make sense, please first read last Friday’s post, and then yesterday’s post. I’ll wait, there’s no hurry. Done? All right, here we go. So, as I was saying, there is somebody … Continue reading “So No One Loses When It Comes to Trade, Right?…Right?! Part II”
Six principles, three big picture questions, and three bonus questions. Anybody who’s attended a principles class taught by me knows what is coming next. It is my deeply rooted conviction that almost every single problem/concept/idea in economics can become more relatable by simplifying it down to one out of these twelve things: six principles, three … Continue reading “What Am I Optimizing For on EFE in 2023?”
EconForEverybody 