Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.
Just like grading human capital, ranking college quality through a single number hides the subjectivity of the process.
Knowing about how and when creative people achieve optimal productivity is important because of the connection between human capital and economic growth.
We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.
According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.
Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.
Like athletes use music before competing, so too can we energize our human capital at work with music that empowers us physiologically and psychologically.
The 2014 Social Security Trustees Report says that after we deplete the remains of the program's trust funds in 2033, payroll taxes will not provide all promised benefits.
Cash grants are an alternative form of foreign aid. Tough to accept, cash could have more benefits than other traditional programs.












