Search This Blog

William Baumol Econ 490 fall 2017

I am a student in Professor Arvan's Econ 490 class, writing under an alias to protect my privacy, using the name of a famous economist as part of the alias.

test

Get link
Facebook
X
Pinterest
Email
Other Apps

September 03, 2017

here we go

Get link
Facebook
X
Pinterest
Email
Other Apps

Comments

Illinibucks

October 07, 2017

Meet Dave. He's a soon to be college freshman, on the hunt for the school he'll call home for the next four years. A visit was scheduled to tour the University of Illinois, and he's driving towards the campus right now. While he's sure the tour will be great, he's also really looking forward to visiting his brother, who's currently a senior. As he drives down the highway, he passes the sign that says he's approaching his destination. Peering down the road, he see's what looks like might be a great wall of some sort. Needing to resolve this mystery, he puts the pedal to the metal and races towards it. He hits a bump and the information packet that the University sent him fell from the dash and the contents spilled everywhere. Maintaining his speed, he reaches down to pick up what fell, when he sees what looks like a role of cash money protruding from the information packet. He picks them up and unravels the roll with one hand, and is surprised to see the ...

Conflict Managment

November 11, 2017

In the movie The Departed, Billy Costigan (Leonardo DiCaprio), is part of an undercover operation to infiltrate Frank Costello's (Jack Nicholson) gang. Hoping to get an invite to join the gang, Billy performs a series of crimes to get noticed. These crimes ended him in jail for several months, and he finally got noticed after getting into a brawl with some mafia members. Billy gave the off the appearance of a criminal that could hold his own. He just might be of use to the gang. However, Costello had his suspicions, and suspected that Billy might be a cop. While sitting at a bar, Costello approached Billy to gauge his interest in joining the gang and also test his suspicions. After some words were exchanged, Costello had one of his goons tap him down for any wires, and then him pin down and bash his already broken arm, all while asking if he was a cop. Satisfied with his work, Costello left and Billy's integration into the gang began. As the leader of the gang, Costello wante...

Gift Giving

November 03, 2017

When someone dies, they often distribute what was theirs through a will. The most common possession that is doled out is any money they might have left over, along with any other valuables. With the person dead, there really can't be any quid pro quo going on here, and even if there was, the deceased wouldn't experience any of the economic benefits that might come from it. So why have a will? Why not just invest all the money into a really nice grave stone or plot of land? Perhaps they want their legacy to live on, or maybe they're more altruistic and want to leave the people or causes they care about better off. Maybe they're not a fan of the government, and believe that their money would be better off anywhere other than there. The idea of a will has been around for ages. One of the earlier examples is the middle eastern version called the waqf. By protecting the deceased's wealth from the government and locking it into an investment of their choosing, the needs...