Category Archives: Society

A new life or an old life?

(featured image credits: Jenny Mealing CC BY and Dr KontogianniIVF) One of the fundamentals of economics is also a fundamental of life. It involves cake and eating. Most people know pretty well what actions are needed to make babies. But … Continue reading

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Our skin in their game

(featured image credit: Pilots of Swiss CC BY) An economic term for the wrongs of the world One Friday, a long time ago, I was fortunate enough to travel in the jump seat on the flight deck of a Boeing … Continue reading

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When the material meets the immaterial

(featured image credit: Mr Blue MauMau CC BY) With incentives, things are not always what they seem “Most of economics can be summarized in four words: ‘People respond to incentives.’ The rest is commentary,” Steven Landsburg writes on the very … Continue reading

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Coloured reality

(image via Youtube/PBS) Is reality, as we see it, anywhere near the mark? Have a look around you, listen (and feel free to use your other senses too). That should give you a good sense of the reality of your … Continue reading

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Technicalities and voluntary morals

(credit: Elliot Brown CC BY) Is what is technically right also morally right? Maybe I should have studied law instead of engineering. One day when I was eight, my best friend and I were chatting in class when we shouldn’t, … Continue reading

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Choosing and using identities

(featured image credit: Jenny Scott CC BY) Identity is strong, and can trip us up in two ways. Who are you? That’s a pretty existential question. It is quite hard to come up with a quick and concise answer – … Continue reading

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In whose interest?

(featured image credit: gaelx CC BY) The relationship between charitable giving and nudging is an uneasy one Charitable giving is a challenging phenomenon for neoclassical economics. What homo economicus, what rational, self-interested, utility maximizing would willingly give money away? It could … Continue reading

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