What Economists Say On Valentine’s Day

About so much more than money, economics can come in handy on Valentine’s Day. Let’s take a look. An Economic Valentine Economic Laws On Valentine’s Day, economic laws are broken. A production possibilities frontier is supposed to illustrate the maximum…

The New Tech We Cannot Resist

Like all new technology, the three innovations I most liked from CES 2019 could boost economic growth by making life easier (and more fun).

How Women Could Elevate the Saudi GDP

Far more than constraining Saudi women, Saudi Arabia’s discrimination diminishes the entire economy’s production possibilities.

Why India’s Economic Growth Could Be Much Higher

Constrained by the 250 million women who could be in the labor force but are not, India’s economic growth reflects the absence of considerable talent.

Production Possibility Frontiers: Entering (and Exiting) a Discovery Void

After technological innovation multiplies, might the pace of discovery slow down? Think of the history of antibiotics. Starting with the Sulfa drugs that were first discovered during the 1930s, the new antibiotic timeline is congested until 1962. Yes, recently, new antibiotics classes were introduced.…

Millionaire Inventors

Assume you have $1.4 million dollars that you want to give away. Your goal is to spur the development of new technology, but just not any innovation–something that you want people to invent. Which technology would you choose? The people…

Gender Matters

For years, female musicians said that they were being treated unfairly. The problem, they claimed, was audition bias. Many more men were selected for orchestras than women. The response was that the men were better. A Harvard and Princeton study…

New Financial Products

Instead of a garage or a laboratory, think of an office or a conference room. And, rather than a computer or an aircast, imagine a junk bond or a bank account.  All of these products, at one time were invented.…