The FIRE movement is an acronym for Financial Independence, Early Retirement. The goal of the FIRE movement is to allow younger individuals to retire early with financial freedom by: This movement of retirement planning has been around since the early 2010s. It has been embraced by many people today who want to harness all in […]
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Review of Shoshana Zuboff’s The Age of Surveillance Capitalism In setting the stage for this review of Shoshana Zuboff’s remarkable book, a brief selective history of the field of artificial intelligence will be helpful, especially in recalling the pioneering work of Norbert Wiener. “Artificial intelligence” (AI) is in common usage today, but the term is […]
11 min read
Beer. Everybody likes to drink it. Nobody likes to pay for it. Still, the cost of a beer stings more or less depending on where in the world you’re drinking. Expensivity wondered just how much the cost of beer differs from country and the effect the price of beer has on national consumption. We researched […]
3 min read
Economic security is important to everyone, but for centuries, people who were economically disadvantaged had little to protect them from serious problems like hunger and homelessness. Often, some of the poorest citizens in a society were the elderly, who could no longer work to support themselves. This problem was always worse in difficult economic times, […]
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The well-known Harvard economist Greg Mankiw recently blogged about a new website called AcademicInfluence.com. This site features some fascinating machine-learning tools for determining the most influential schools by discipline as well as the most influential faculty in those disciplines. You can even toggle the time-frame in which to gauge influence. If you do this for […]
4 min read
The two dirtiest words in economics are four-letter words beginning with “f”: free and fair. More economic mischief has been wrought through these two words than any others. These words have seemingly straightforward uses. Free can simply mean that no money or anything of value was given in exchange for a benefit. Such a benefit […]
24 min read
