Latest Posts

January 13, 2015

World of Warcraft economics, population control, and virtual gold

You may have heard of the popular computer game World of Warcraft (WoW), which recently released its fifth expansion, which adds more quests, dungeons, and other content, in November. WoW has over 10 million players and there are few signs of this slowing down, which is impressive for a game originally released in 2004. Continue Reading...
January 13, 2015

Real Life is Much More Than Economic

I think it is important to keep in mind that it is not the world of economics that is critical to human life on earth. When I left the field of economics for what I still believe to be a more important life agenda, it was because I regarded economics as driving cross-country at 80 mph with my eyes firmly fixed on the rear-view mirror. Continue Reading...
January 09, 2015

The Blessings of Abundant and Affordable Energy

I grew up with the attitude that wealth was measured by whether the sun was shining and the fish were biting and whether my belly was full and the family larder stocked with canned vegetables and fruit as well as fresh meat and poultry raised on our tiny 80-acre farm in Michigan. Continue Reading...