University of Wisconsin–Madison

Category: Equilibrium: Vol.12

EQ Vol.12: The Disregarded Economist: Barriers to Economic Policy Implementation

Contributing Writer: Eric Alberts | May, 2022 In the United States, citizens have the opportunity to participate in their government and influence policy decisions through voting. It’s not often that you hear someone critique this basic premise of our government. On paper, it is perhaps the best system in the world. But a small addition …

EQ Vol.12: Circumstances, Effort, and Inequality of Opportunity

Contributing Writer: Eric Hsienchen Chu | May, 2022 In 2020, the Korean movie “Parasite” won Best Picture in the Oscars, making a name not only in the film industry but around the globe. This film became extremely renowned because it profoundly depicted the ingrained inequalities in South Korea’s society – the suffocating contrasts of the …

EQ Vol.12: How to Become a Billionaire

Contributing Writer: Alexandra Dogaru | May, 2022 Every investor’s goal is to beat the market at the lowest possible cost, measured by risk. However, not every market participant can achieve such a performance. Because of the way financial markets are designed, for every win there is a corresponding loss. With the development of the Modern …

EQ Vol.12: Our Interview with Dr. Noah Williams

Contributing Writer: Charlie Fahey | May, 2022 Professor Noah Williams is the Curt and Sue Culver Professor of Economics and an Adjunct Fellow at the Manhattan Institute. A graduate of the University of Chicago, he was formerly an Assistant Professor at Princeton University and is currently the director and founder of CROWE, the Center for …

EQ Vol.12: Sleep Economics

Contributing Writer: Thomas Haddock | May, 2022 I often stumble into friendly debates with roommates or classmates surrounding sleeping habits and schoolwork. It seems the widely held belief is that unless you are a master of time management, sleep often comes second to schoolwork. Why do we value a little extra studying over a little …

EQ Vol.12: Background and Analysis of the Chinese Real Estate Crisis

Contributing Writer: Novak He | May, 2022 In fall 2021, the world’s most indebted company——Chinese real estate company Evergrande missed its debt repayment deadline. This incident worsened the debt crisis of this debt giant, who had already accumulated a total liability of over $300 billion US dollars. The Evergrande debt crisis caused a stir in …

EQ Vol.12: The Distributional Effects of QE: Free Silver or a Cross of Gold?

Contributing Writer: Zachary Heintz | May, 2022 In 1896, William Jennings Bryan, a former Nebraska congressman, gave a speech at the Democratic National Convention that would win him the Democratic presidential nominations in both 1896 and 1900. His historic “Cross of Gold” speech made monetary policy the front and center issue of left-leaning populists who …

EQ Vol.12: Quantifying the Irrationality of the Middle Ground: Public Health’s Modern Battlefield

Why the integration of behavioral economic analysis in epidemiology is crucial to improving vaccine acceptance among the hesitant. Contributing Writer: Rohan Snah | May, 2022 “The purely economic man is indeed close to being a social moron. Economic theory has been much preoccupied with this rational fool.”  -Richard H. Thaler This rational fool, says one …

EQ Vol.12: Economic Misunderstanding Through Human Unconscious Bias

Contributing Writer: Max Levy | May, 2022 Recently, I read Factfulness by Hans Rosling, which tells of human progress and examines the overdramatic and misinformed worldview that most people embrace. Dr. Rosling, a Swedish physician, statistician, and professor of Health Care at the Karolinska Institute of Medicine brilliantly refutes common misconceptions of our basic worldview, …

EQ Vol.12: Changing the Student Debt Crisis: America’s Plans

Contributing Writer: Emily Wang | May, 2022 In early October 2021, President Joe Biden proposed changes to the former Public Service Loan Forgiveness (PSLF), Total and Permanent Disability (TPD), and Borrower Defense programs, making it easier to satisfy certain loan requirements. The proposed changes will expand who is eligible for loan forgiveness, while also adjusting …