Tuesday's Assorted Links
Tuesday's Assorted Links
Causes of the Great Depression, a skiing duopoly, MrBeast, new minimum wages, and taxing groundwater
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Historians and economists don’t agree on the causes of the Great Depression [Bloomberg Opinion | Original Study]
A duopoly is ruining skiing in America [Slate]
The new American Dream is to get MrBeast to pay off your debt [TechCrunch]
The federal minimum wage remains at $7.25, but 22 states and 43 cities are boosting pay for 2024 [Scripps News]
With aquifers nationwide in dangerous decline, one part of California has found success by essentially taxing groundwater [The New York Times]
New year, new newsletter? Thank you to the 87 new subscribers who have joined us over the past week. I’m glad you’re here and I hope you find the newsletter informative. I’ve been writing weekly for the past few years, so the archive is fairly deep. If you find something you love, share it with your friends and earn perks.
It's that time again! Millions set New Year's resolutions, aiming for improvements from fitness to finance. But why do most resolutions fail, and how can we change that?
Economics Can Help You Keep Your Resolutions
Last week was the end of the year, so there are also a few extra posts you may want to look at if you didn’t get a chance to last week. I put out my yearly summary of my favorite books from last year and a year-end recap of things that have been going on with the newsletter. Check them out:
The difference between historians and economists on causes of the Depression seems to rest primarily on the distinction between "underconsumption" and "inadequate aggregate demand". I doubt that most historians, or history students, would understand this distinction. I've also found that historians tend to insist on distinctions that make no sense to economists (like me).