1. Not productive enough, well, maximize your mental bandwidth! – Chip Cutter
Economists try to solve a lot of different problems. No really, they do! Or at least, let’s stroke their ego a little bit. Harvard Economist Sendhil Mullainathan showcases how scarcity makes us not think as well. It is not the lack of time, but the fact that our brains can only process so many things.
2. The importance of Human Capital – Gary Becker
A very short paper by the Nobel Prize winner Gary Becker talking about the importance of human capital. What he opts for is a knowledge capital economy. It is this that will be of great importance for the growth of the economy in the future.
However, I didn’t quite like his treatment of Import Substitution Industrialization.
Notable Quote: ‘Richer countries specialize in high-knowledge products and services, while poorer nations specialize in lower skilled and raw material intensive product.’
What’s on the news?
1. Ecuador vs America – Reuters
This has caused waves since Ecuador’s President Rafael Correa by offering Snowden political asylum. For those who don’t know what Snowden has done, well, he was the person who leaked the details of the mass surveillance programs of the American people. Reports that UK citizens were also under the radar has caused uproar.
Need some inspiration?
1. Helping prisoners to sing – Boston University
In an MET class, professor Andre de Quadros teaches prisoners to sing and appreciate all forms of music. Since the prisoners are in medium-security prisoners they aren’t allowed any other types of instruments. Quadros teaches them to sing and express themselves. A wonderful service from the BU professor.
Notable Quote: ‘The prisoner goes on to note that beyond the fun and games, the class “got us in touch with that which makes us fundamentally human.”‘
1. The Wolf of Wall Street – Youtube
So, yes, I cannot wait for this movie. It is based on Jordan Belford’s memoir under the same title. He was noted for running a boiler room and his hard partying lifestyle. Well, I think I achieved the latter at one point in my life…
But, this movie looks to be quite promising with the trio of Leonardo DiCaprio, Jonah Hill and Matthew Mcconaughey and it is being directed by Martin Scorsese.
So, here it is. I apologize for the late post but I just finished exams yesterday. I will end on that note.
Have a good day everyone.