On Wednesday, October 12th, the Ball State Economics Club hosted radio host, lawyer, and political commentator Abdul Hakim-Shabazz at its weekly meeting. Dr. Bohanon, Econ Club President Jorge Flores, and Econ Club Vice-President Maggie Tillotson conducted a panel interview with questions on Indiana and national economics. Abdul Hakim Shabazz shared his insights on a diverse […]Read more "Ball State Economics Club Welcomes Abdul Hakim-Shabazz"
Economists Oliver Hart and Bengt Holmström won the 2016 Nobel Peace Prize in Economics for their work in contract theory. The two will share the $926,000 prize. Bloomberg tells us more of the story: The two “so obviously” deserve the prize, Paul Krugman, who himself won a Nobel economics prize in 2008, wrote on his […]Read more "Oliver Hart and Bengt Holmström Win the Nobel Peace Prize in Economics"
According to the Wall Street Journal’s latest survey of economists, another recession is likely on its way: The U.S. must face one of two scenarios: Either the next president will face a recession in office, or the U.S. will have the longest economic expansion in its history. Odds are that the recession is more likely. […]Read more "Is Another Recession on the Way?"
Robert Shiller, a professor of Economics at Yale University, explains in a New York Times article why the weak global economy might be the reason we are seeing a rise in ethnic nationalism today: Few people study economic growth statistics. But nearly everyone knows what they are being paid. If they realize that they are […]Read more "Why the Economy Might be to Blame for the Rise in Ethnic Nationalism"
Ever wonder how to pick the fastest line at the supermarket? A NY Times article by Christopher Mele has some advice. Experts recommend getting behind a shopper with a full cart, looking for female cashiers, choosing a line towards the left, looking at what the customers ahead of you are buying, choosing a single line […]Read more "How to Pick the Fastest Line at the Supermarket"
According to a NY Times article by Deirdre McCloskey, since 1800 most countries have experienced astonishing rates of income growth, including 1,000-3,000% in countries such as the United States and Botswana. In just the last 40 years, the amount of people living on $1-$2 a day has halved. McCloskey argues that this Great Enrichment was […]Read more "How an Idea Changed the World"
While presidential candidate Donald Trump claims there is a “tremendous outflow of jobs” from the United States to Mexico, economists have found it to be more of a trickle. A study by the Peterson Institute for International Economics concluded that while imports from Mexico have displaced 203,000 jobs, exports to the country have supported 188,000 […]Read more "How Big Really is the Outflow of Jobs to Mexico?"
I went on the Ball State Economics Club’s annual Chicago trip from April 7-8. On April 7, I visited the University Chicago Campus and the Federal Reserve Bank and enjoyed delicious deep-dish pizza from Giordanos. On April 8, I visited the Illinois Policy Institute and Newberry Library. I especially enjoyed learning about the Illinois Policy […]Read more "Ball State Economics Club’s Chicago Trip"
From April 3-6, I was one of three Ball State University Economics students to attend the Association of Private Enterprise Education (APEE) Conference in Las Vegas. I participated in the undergraduate poster session with my co-author Jaron Ford to present our research paper on the government subsidization of the Indianapolis Motor Speedway. I enjoyed having […]Read more "Ball State Economics Students Attend APEE Conference"
A CNN Money article discusses the trend of U.S. students going to European colleges to save money: There are at least 44 schools across Europe where Americans can earn their bachelor’s degree for free, according to Jennifer Viemont, the founder of an advising service called Beyond The States. All public colleges in Germany, Iceland, Norway […]Read more "U.S. Students Attending European Colleges for Free or Reduced Tuition"