What are my chances of getting into a decent economics grad program with a math degree with a "meh" GPA (3.2ish), a law degree with a pretty good GPA (3.7+), and a high GRE quantitative score (790)? Also, how much does the prestige (rank) of grad program matter in the economics field? [more inside]
I'm looking for a better word or term of art for the most important customer of a company, in particular one that provides the most revenue. [more inside]
How do I calculate the differences in welfare for a state when an import quota is applied to an industry that is controlled by a monopolist at home, vs an industry that is perfectly competitive at home? [more inside]
I'm asking this for a friend in neuroeconomics. She says:
A man is looking outside a window at the 13th floor and see another man is falling. The former asks the latter "How are you doing". The latter answers: "Fine so far".Can you help her find this comic? If not the exact comic, could you suggest any other comics that "illustrate people's ignorance to the incoming risk or uncertainty?"
How have sociologists and/or economists historically defined or measured "middle class" in the United States or the developed world generally? I mean over the last 100-200 years. [more inside]
I am interested in conducting some preliminary research on this topic and am looking for the key thinkers and arguments on either side of this debate. [more inside]
I'm curious about the real-world economics of being a musician who "made it" but is not, say, Sir Elton John or Bruce Springsteen or Jay-Z. For instance, how's James McNew, bassist of the incomparable Yo La Tengo, doing? Is Ken Bethea, guitarist for the Old 97's, comfortable? Ian Matthews, drummer for Kasabian, are you sorted for a comfortable retirement? [more inside]
If a bucket of bolts (BOB) costs $10 today and $23 a month later, is the BOB worth more or is money worth less? How do I know when money is worth less or more, or the thing it's buying is worth more or less. Or am I saying the same thing? Arghhhh. Please be gentle.
I am looking for background on the means of production for the well known online glasses retailers (Zenni, 39dollarglasses, etc.) How are orders fulfilled, from placement to delivery in stores such as these? It is an intriguing business, but there is little background information available for the curious. [more inside]
My friend has one last class to take. Economics 10B at UC Santa Cruz. She's already clarified with the dean that she can take this lower division class at an accredited institution. Where can she get this done as quickly and painlessly as possible? BYU Online? [more inside]
Are there any studies on community bike shop impact studies on adult personal & economic self-sufficiency? [more inside]
I’m interested in learning more about the phenomenon where people who experience a particular scenario become especially focused on that scenario, to the exclusion of other scenarios that may be statistically more likely, and possibly even leading to irrational or risky behavior. [more inside]
What are the economics of the tons of small manicure/pedicure spas and their employees in Manhattan? There are multiple places on many blocks, and when I pass them there always seems to be at least a dozen technicians in each, most of whom are just waiting for the next customer. [more inside]
Help me to philosophically pigeon-hole what I take to be the methodological views of many professors in my economics department. Then help me to explore that and other pigeon-holes. [more inside]
Please recommend podcasts about accounting, economics, or finance. A Canadian focus would be a bonus but not a necessity.
Please help me pick the most relevant program for my career/education goals. [more inside]
Abundance or Scarcity: Is current global aggregate production of consumable 'necessities' sufficient for current global population? Or are food shortages and starvation due to insufficient aggregate production? [more inside]
Economics Mathematics: I have a Maths degree but lately I've become interested in Economics (Microeconomics and Macroeconomics) and have been reading some textbooks and classic texts and doing some online lecture courses on Economics. But find many of that the "handwaving" graphical "proofs" of economic theories lack a sense of mathematical robustness. Do more thorough mathematics for these ideas exist? Where can I find them? [more inside]
I read this article and I'm fascinated by the effects of current events on how money moves through the world and how money seems to affect other money. I've found a new interest! But, I don't even know what it's called! How can I study this? [more inside]
What is this behavioral economics experiment I am thinking of? [more inside]
welfare and social spending is usually discussed as a cost, a substantial cost. can you suggest any good resources that analyse the economics of welfare and social spending as an investment? or that examines funding cuts as a kind of borrowing? [more inside]
What are US Left counterparts to ALEC? I mean this ALEC, the American Legislative Exchange Council. Any national or state organization that coordinates efforts in multiple jurisdictions would interest me. Actually, I would be interested in non-US examples too.
Please help me figure out potential careers based on my interests and the best paths to obtain them. Psychology, economics, statistics? Market research? Psychometrics? [more inside]
Is there a "post-industrial Marx"? [more inside]
Need to get up to speed on Keynesian, monetarist, Austrian, and other influential schools of economic theory [more inside]
How many millionaires are self-made? The commonly repeated statistic, apparently from The Millionaire Next Door, is that only 20% of millionaires came from millionaire upbringings - which is then used to argue that class privilege doesn't really exist in America, and if you only work hard enough... I can slice that argument up easily enough (many of those millionaires are doctors, for instance, who rarely come from underprivileged households). But how many millionaires really are self-made? I can't find a source with data to back it up (other than quotes from that book, which I don't have, and so I don't know if it backs up the claim or not).
Please explain how they're going to make any money on this rehabbed house. [more inside]
Looking for good resources on economic theory for the previously non-inclined? Particularly interested in New Institutional Economics (Williamson, North) and Commons Economics (Ostrom). Probably need some grounded in the orthodox stuff as well?
Help me decide how to spend 15 to 30 minutes a day of reading time. [more inside]
I need to make some life changing decisions right now. I finish my bachelors degree in business administration soon and need to specialise myself for my masters. I want to stay in business, but I havent found my "niche" yet. More inside! [more inside]
Can anyone point me to a financial analysis of what would happen if Quebec separated from Canada? [more inside]
The gold-coin contents of the cliche' pirate/dungeon treasure chest, how much would that be worth today? Assume a stereotypical treasure chest, knee high to an adult, filled with gold escudos in excellent condition. How much would the chest and contents sell for? Could you sell it?
What are some board games that are like a modernized version of Monopoly? Specifically: games that simulate the existing U.S. or global economy, with all the dynamics of lending rates, inflation-deflation, economic cycles, and so forth, and which help give some food on real-world issues for thought during play. The less "dry" and fun, the better, though I know that's a tall order. We have games like Agricola and Settlers of Catan, which are great but those are more in the realm of resource management. Also if there are any computer or console videogames worth considering, that's fine too, but board games would be better.
I am looking for suggestions on the cheapest way to get bulk (25-100) smart phones (android preferred, but iOS could also work) for an academic research experiment. [more inside]
What are the classic Economics texts that one really should read for a thorough historical perspective of the evolution and changes in thought on Economics ( and where overlapping Political Theory)? And is reading them really necessary for deep understanding of the field from a more philosophical point of view? [more inside]
Conservatives in the U.S. seem to inherently assesses economic policies based on the personal ethics (as in, self-reliance) involved, not on overall benefit or harm to the society. Is there a (simple, credible) online app that lets you easily try different policies (including "each must pay his own way" personal-ethics ones) & compare the outcomes? [more inside]
London UK 2nd career: Should I do a Masters in Economics? Or is self-study with a good reading list a viable alternative? [more inside]
I'm reading the book Monoculture by FS Michaels, which describes how what the author calls "the economic story," which she sees as dominant in our culture and as having replaced earlier dominant stories rooted in religion and science, is shaping people's work, communities, education, and relationships. In the book, Michaels talks about how "as the economic story spreads to government, a language based on economics develops along with a new way of thinking and reasoning about what goes on in government -- a kind of accounting logic. That accounting logic makes two assumptions: first, that anything and everything your government does can be assessed in terms of what value is added, and second, that the value added can be linked to how much money is spent on the activity in the first place." Etc. My question is: in this context, what does the phrase "accounting logic" mean? [more inside]
Do you have to know how to cook to own a restaurant? [more inside]
Petersburg and Moscow - how are they so expensive? [more inside]
Other examples of true stories like Krugman's babysitting co-op and Radford's POW camp that illustrate complex and abstract truths, theories, and ideas with concrete language and more tangible, familiar, or interesting situations? [more inside]
A crooked stockbroker sends newsletters to 1000 people; half the newsletters say stock A will go up, half say it goes down. Stock A goes down. He sends 500 new newsletters to the people who got a correct prediction about stock A; half of the new newsletters say stock B is going up, half say it's going down. He then sends 250 more newsletters... etc. Eventually there's a handful of people who've gotten eight straight correct picks from him, and those suckers invest their life savings. Has this scam ever been carried out in real life, or is it just a story? [more inside]
I'm looking for a book that is essentially a mashup of behavioral economics, social psychology, neuroscience, wisdom/bible literature, and mythology. [more inside]
What is the current state of interdisciplinary research between biology and economics? [more inside]
Should I consider a mortgage when I want to sell my paid-off house and buy a new one, outright? [more inside]
My brother is asking for research help, and it's definitely not my area of expertise. Can anyone help him out? He needs books on energy use, but he wants them biased. Yes. [more inside]
Is there an economic theory about monetary incentives doing more harm than good as economic utility becomes harder to determine/quantify? [more inside]
I'd like to relearn the fundamentals of economics and public policy. Where should I look for books, videos, and other materials on these topics? [more inside]
What is economics? What do non-academic economists do? [more inside]
Why did inflation increase so dramatically in most Western economies in 1975? Why did inflation remain at 10-15% levels around the world through the recessions of the late 1970s and only return to "normal" 3-5% levels in the 1983 recession?