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A Simple Improvement to College Admissions
One big concern with U.S. higher education is low graduation rates. Barely half of enrollees at four-year institutions graduate within six years. Dropping out of college is a double blow to many students: they pay the direct costs of college for the time they were enrolled without earning the degree that would increase their future earnings […]
READ MOREAre We Ever Really in Equilibrium?
One mistake made frequently by economists is to focus on the destination rather than the journey. We like setting two sides of an equation equal, solving for a variable and focusing on that neat and tidy result. But a little common sense shows that even the most canonical equation in the field, “supply equals demand,” […]
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