Economic Ideas

September 13, 2015

Part 1: The Trap That China Wants to Avoid

Currently slowing down, China's economic growth might be challenged by the middle income trap that has caught Brazil but not Taiwan or Malaysia.

September 10, 2015

What the Ability to Delay Gratification Says About You

Looking at delayed gratification through Walter Mischel's marshmallow test and other studies, researchers can better grasp who will save for retirement.

September 1, 2015

What Our Food Says About Us

Because middling food like hamburgers is consumed by most people in the affluent West, what we eat does not necessarily reflect inequality or social status.

August 30, 2015

Why a Life Needs a Price Tag

Although it seems callous, for safety regulation like speed limits and for victims' compensation like 9/11 we need to quantify the value of a life.