While it can be interesting to see the massive incomes of the richest billionaires, global inequality is much more complicated.
The Minimum Wage Debate
Whether looking at Germany’s minimum wage hike or David Card’s classic 1992 study, still raising the minimum wage can be controversial.
Why Metrics Can Be Misleading
We can wind up with misleading metrics when the number we use as a goal becomes the incentive that distorts output decisions.
What Iowa Could Have Learned From La La Land
Seemingly different, for the same reasons, we’ve had partial nuclear plant meltdowns, financial meltdowns, and a meltdown in Iowa during their caucus.
Incentives That Have Unexpected Results
From the Wells Fargo scandal to the British National Health Service and Chilean bus drivers, sometimes incentives can have unintended consequences.
One Reason That Geography Matters
Have you ever looked closely at Japan and the United Kingdom? Described by geographer Jared Diamond in a fascinating podcast, they look remarkably similar. Today Japan and the British Isles are modern industrial societies. Both are north/south archipelagos located in…