Tag Archives: work

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A world where it takes 30 hours of minimum-wage work to pay the rent, is very different to a world where it takes 120 hours of minimum-wage work to pay the rent. It’s a factor of 4—just half an order of … Continue reading

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Base Hits > Homeruns

After talking to a number of PhD students, I’ve come to conclude two things. First, that many (especially in “genius disciplines” like maths or physics) are motivated by the goal of being the smartest human who ever lived—“the next Einstein”, … Continue reading

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late night at the office, dreaming of going home

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Human psychology is such that we all like to imagine ourselves at the center of a dramatically coherent and meaningful story, whether we work in a Dilbert-style cubicle zoo or commute to weekly Executive Committee meetings on the company G550. … Continue reading

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In the age of wooden television in the South where I grew up, leisure involved sitting on screened porches, smoking cigarettes, drinking iced tea, engaging in conversation and staring into space. Toward the end of the age of wooden televisions … Continue reading

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5 Economic Knowledges Worth Knowing

“It has been said that in 1800, not one person in fifty living in England wore socks, but by 1900 not one person in fifty was without them.” source (# of dollars) x (velocity of money) = (real GDP) x (price … Continue reading

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Work less. Spend less. Live more. —chalked on a sidewalk at my college, years ago I was reading economics at the time, so it made a lot of sense to cast the preference in terms of isoutility curves. As long as the … Continue reading

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