What would we do if we had more time?
I just listened to a clip of Joe Rogan being excited by the hypothetical prospect of not needing to sleep and having an additional eight hours available each day. What would people actually do if they had more time? Like Rogan and his guest, many people would probably imagine eight incredible hours doing all kinds […]
My thoughts on the stock market
If someone walks up and offers a way to make easy money without effort, it would seem too good to be true, why would anyone want to give me money? That is basically how the stock market works. On average in the long run, the stock market is a reliable source of personal income, basically […]
Relative social status
The human motive to pursue relative social status is widely recognized within and beyond academia, but there is still room to integrate it further with economic theory. Status-seeking seems to have implications on labor supply and could explain why people tend to work the same amount across time, regions, and income levels. There are many […]
The Swiss healthcare system
Abstract Externalities, asymmetric information, and free-riding are three market failures to be concerned with in an insurance-based healthcare system. Switzerland has tried to address them through a mix of private and public forces, where healthcare producers mainly consist of private companies, while the government and Swiss people influence the market through regulations and subsidies. This […]