Kobe Bryant’s Mamba Foundation. Jay-Z’s Shawn Carter Foundation. Alicia Key’s Gordon Parks Foundation. What do all of these have in common? They desire to share their wealth to create a better world with the chance at a better life for everyone. Philanthropic foundations first started appearing after the Civil War with George Peabody at the forefront, […]
Philanthropy: An Economic Perspective Read More »
Shakespeare once alluded to the fact that names are sometimes irrelevant and arbitrary in his play “Romeo and Juliet”. While a rose by any other name would still smell as sweet, the economy sometimes can be far less rosy, and economists have long struggled with how to precisely define this type of circumstance. Recessions in
Recessions – “What’s in a Name” Read More »
What is the American Dream? James Truslow Adams first defined it in his best-selling 1931 book, Epic of America. He described it as “that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement”. The belief is based on the
The U.S. Housing Crisis: An American Nightmare Read More »
