What can economics teach us about moral ecology? In exploring the various connections between morality, theology, and economics, we routinely long for philosophers and theologians who understand economics, just as we crave economists who understand the bigger picture of self-interest … Continue reading The language of morality
How Often Do Freelancers Get Paid Late? It Depends If You’re a Woman or Man It seems obvious that you should get paid for the work you do. Unfortunately that’s not always the case for freelancers. In addition to irregular … Continue reading Who you are matters
If you aim for average you’ll serve no one well In the late 1940s the US Air Force faced a problem: a worrying number of planes were crashing. The situation deteriorated until, in February 1950, 17 planes plummeted to the … Continue reading Beware averages
Are you ready for personalized pricing? The introduction of the price tag was a big step forward for American retailing, and you can thank John Wanamaker. In the 1870s, Wanamaker purchased a former Philadelphia railroad depot and expanded his men’s … Continue reading How much will you pay?
Airbnb and the Unintended Consequences of ‘Disruption’ The U.S economy is in the midst of a wrenching technological transformation that is fundamentally changing the way people sleep, work, eat, shop, love, read, and interact. At least, that’s one interpretation. A … Continue reading The side effects of Airbnb
The Invisible Hook: How Pirate Society Proves Economic Self-Interest Wrong I recently took part in a workshop titled “Tensions in the Political Economy Project of F.A. Hayek”. The Austrian economist Friedrich Hayek (1899-1992) is a libertarian God and the workshop … Continue reading Sophisticated libertarianism
Why COOs Should Think Like Behavioral Economists When Yelp was a startup with just 15 employees, the office manager began to stock the kitchen with drinks and snacks to get everyone through the long afternoons. Juice, water, fruit, chips, and … Continue reading Embrace your inner choice architect