The ECB, IMF, and Germany have stood strong on their resistance to bailouts and free money for ailing members of the Eurozone. Sure, there have been bailouts and aid, but those have mostly been only when absolutely necessary, on the brink of collapse. For better or for worse. If Eurozone leaders are set on not [...]
January 15, 2012 – 7:03 pm
The “unskilled” labor market is at a crossroads perhaps unlike any we have seen before. With the ongoing emergence of automation and robotics, many of the old manual labor jobs in factories are quickly becoming obsolete. The loss of manufacturing jobs in the United States is not simply a story of outsourcing as it is [...]
January 4, 2012 – 11:24 pm
A couple of days ago, the New York Times published a story about the shortage of amphetamine-based Adderall, a popular prescription drug for treatment of ADHD (attention deficit hypersensitivity disorder). The overall supply of the drug, which includes both the brand name and generic forms, has been in widespread shortage as manufacturing quotas have been reduced by [...]
December 31, 2011 – 8:50 pm
I am not a big fan of forecasting, especially when it comes to economic news as it is borderline impossible in many cases even for the most knowledgeable of experts (and I am far from an expert). Anyway, with that in mind, I will offer a list of questions for the new year instead of [...]
December 29, 2011 – 5:23 pm
The ongoing emergence of neuroeconomics as a field is extremely exciting as it has the potential to drastically change economics forever. Admittedly I am probably a bit biased due to my undergraduate major, but it is undeniable that neuroeconomics presents a side to economics that has not really existed before: a link to hard science [...]
Miraj Patel currently attends the University of Maryland where he is completing his Bachelor of Science in physiology and neurobiology. He will be attending pharmacy school next term. Miraj blogs about economics and society as an enthusiast and a student.