The Rotten Kid Theorem and Other Gary Becker Ideas

Gary Becker image courtesy of University of Chicago. All too often, if you say you are looking at the economics of the family, people assume you are talking about money. Nobel Laureate Gary Becker, who died this week (1930-2014), changed…

Unusual Ways to Achieve Deficit Reduction

Hoping to diminish their country’s deficit, last year, Malta’s President and Parliament decided to sell citizenship. The price tag is $891,000 and the perk is that Malta is in the EU. Consequently, you get an island home with a back…

Marrying Up in China

“There is an opinion that A quality guys will find B quality women, B  quality guys will find C quality women, and C quality men will find D quality women…The people left are A quality women and D quality men.” Huang Yuanyuan, commenting on marriage in China…