When Grit Helps You Excel

Also called grit, the ability to adhere to many hours of solitary practice that targets an increasingly difficult sequence of skills levels helps us excel.

Weekly Roundup: From Marijuana to Multinationals

This week’s stories on everyday economics include productivity, externalities, tax revenue, monopolistic competition, international trade and economic forecasting.

When You Can Expect to Be Most Creative

Knowing about how and when creative people achieve optimal productivity is important because of the connection between human capital and economic growth.

Human Capital: Creativity and Competition

Telling graduates that, “You are now officially credentialed as being smart,” author Walter Isaacson began his commencement address at Pomona College. “But,” he continued, because “Smart people are a dime a dozen, … Think different” is what matters. With a “Think different”…

Creative Incentives

In his New Yorker Magazine article on creativity, Malcolm Gladwell describes Mick Jagger, the musician, and Gary Starkweather, an optical engineer, as gentlemen who pour out countless ideas and develop an endless stream of products. For Jagger, the product is…