Displaying items by tag: economics

“Wasting resources, capital and income on stuff nobody really needs,” Charles Hugh Smith wrote in 2017, “is a monumental disaster on multiple fronts. Rather than establish incentives to conserve and invest wisely, our system glorifies waste and the destruction of income and capital, as if burning time, capital, resources and wealth on stuff nobody needs is strengthening the economy.”

I come across the “stuff nobody needs” argument frequently, from voices all across the political spectrum, for reasons ranging from economic to environmental to spiritual.

Published in Opinion

PEMBROKE — Ottawa University economics professor Dr. Russ McCullough will give a lecture at UNC Pembroke on Nov. 13.

Published in Lifestyle

RALEIGH — North Carolina’s failure to pass a budget could affect a state-mandated financial literacy course requirement for all public high schools.

Published in Local News
Wednesday, 07 November 2018 18:45

Book Review: 'Freakonomics' Asks Uncommon Questions

Which do you think is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their parents? Which matters more, nature or nurture?

These aren’t the questions you think of when you think of economists. But they are just the type of questions that Steven D. Levitt started asking in his book, “Freakonomics: A Rogue Economist Explores the Hidden Side of Everything.” 

Published in Lifestyle