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Category Archive for 'Courses & Student Resources'

HT to Randy Parker of ECU.

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Today we sponsor a guest post from UR undergraduate student Zhenghao Li. I told him to write up a great question he asked me the other day about how it is that some people seem to hold inconsistent positions when it comes to valuing their time. I’ll withhold comments and give him the stage. I […]

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George Stigler, I think, once quipped, "If you never missed a flight in your life, you've spent too much time in an airport." While there is much wisdom in this observation, I would recommend not taking it too seriously. We like to get to airports early so that we do not miss our flights. There […]

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Check out what we have in store for next week. All students are of course welcome as are any residents in or near the Rochester area.  (I will repost this several times in the coming days, I apologize for that). Liberty Week Speaker Series "Litigating for Liberty" Sunday March 25, 2012 7PM-8:30PM University of Rochester, […]

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On a drive to Ontario Beach Park the other day, our transmission had a feeder tube break. We lost all of the tranny fluid, which when I kept driving it led to the complete wreckage of our transmission. Our car is in the shop now undergoing the construction of a brand new transmission. Total cost […]

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The rationality assumption is what makes economics economics, apart from the other social sciences. At least so it seems. What is this assumption? It is best thought as this: when we study human action, we assume that individuals have a goal they are trying to achieve, and that they pursue that goal in a consistent […]

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