Education is the key to the future: You've heard it a million times, and it's not wrong. Educated people have higher wages and lower unemployment rates, and better-educated countries grow faster and innovate more than other countries. But going to college is not enough. You also have to study the right subjects.
Alex TabarrokHollywood wants its heroes to be virtuous, but it defines virtue in a way that excludes any action that is self-interested. If virtue means putting others ahead of self, then it's clear that most people, let alone most capitalists, aren't very virtuous.
Alex TabarrokDemocracy is an experimental system. I like it when states try out new ideas. I think we ought to expand, not contract, our federalist system.
Alex TabarrokAs far as wages are concerned, the only difference between immigration and birth is that birth takes longer.
Alex Tabarrok