Economists have said that U.S. investments in Human Capital, or formal schooling, have led to American exceptionalism. This article does not try and refute this, but introduces a question mark. What about American entrepreneurial exceptionalism? It seems that, along with earning returns to Human Capital, entrepreneurs rely on a mix of Social Capital, acquiring knowledge […]
Month: August 2019
In March of 2010, Congress passed a law requiring calories to be posted on menus of restaurants with twenty or more outlets (https://cspinet.org/sites/default/files/why-menu-fact.pdf ). The question is whether people actually pay attention to nutrition labels and whether it influences their ordering behavior. I interviewed 34 people at McDonald’s and found that 39.39% of restaurant-goers pay […]
Mental illness is often times misunderstood and this article tries to document the misconceptions and find some clarity. Take schizophrenia, for example. My understanding is that schizophrenia means having psychotic features that are independent of a change in mood. The dictionary definition of schizophrenia is: “A long-term mental disorder of a type involving a breakdown […]
The usual story about technological change says that technology substitutes for low-skill work–replacing clerical tasks, jobs on the factory floor, and other rote information processing tasks. On the other hand, technological change augments creative design work, abstract reasoning, and other skills deemed high-skill (Brynjolfsson and Mcafee 2016). They call this phenomenon skill-biased technical change. However, […]