University of Wisconsin–Madison

J-1 Visas: The Key to Cultural Diversity and Economic Stability in Local Communities

Brewster Hutchinson | Spring 2025   J-1 visas are temporary, nonimmigrant visas granted to international research scholars, students, professors, and laborers with the goal of promoting cultural exchange while simultaneously stimulating the American economy through providing short-term labor and transfers of knowledge. According to the US Department of State (2023), around 300,000 participants come stateside …

Warm Commodities: Carbon Offsets Exchanges and the Financial Force of a 2024 SEC Ruling

Jonathan Minnis | Spring 2025   Few subjects have been given as much attention as the topic of Climate Change, in both scientific and colloquial discourse. Increasingly, climate change has become a definitive topic of the business world, as waves of climate regulatory policy and capitalist pushbacks have slowly but surely changed industrial practices, consumer …

The Great Decoupling

Urmika Banerjee | Spring 2025 Economic development and global carbon dioxide (CO₂) emissions have long been closely related, with urbanization and industrialization fueling increases in energy use and emissions. The energy sector’s CO₂ emissions in 2022 hit a record high of 37 billion tonnes (Gt), a 1% increase above pre-pandemic levels (International Energy Agency, 2023). …

The Billion-Dollar Cure? How GLP-1 Drugs Are Redefining Health, Wealth, and Access

Justin Plank | Spring 2025   Every year, the United States spends an estimated $173 billion treating obesity-related diseases like diabetes and heart disease, more than the annual budgets of 42 U.S. states combined. Amid this crisis, GLP-1 receptor agonists have emerged as a potential game-changer, offering not only weight loss but also the possibility …

Interview with Dr. Katy Milkman

Aaron Mathew, Editor-in-Chief | Spring 2025   Overview: Dr. Katy Milkman is the James G. Dinan Professor at The Wharton School of the University of Pennsylvania and the co-director of the Behavioral Change for Good Initiative alongside Dr. Angela Duckworth. Her research interests span behavioral economics, psychology, and research methodology, which she explores in her NYT …

Engel Curves and Their Implications for Income, Nutrition, and Poverty Measurement

Shloka Mohanty | Spring 2025   Engel curves illustrate how the consumption of goods changes as income increases. A classic example from ECON 301 is instant ramen noodles: as income rises, the consumption of this staple typically declines, classifying it as an inferior good. However, this relationship can vary by country.   In India, instant …

From the Pitch to the Algorithm: How Soccer Has Become a Nerd’s Game

Online Journal | Hazim Khairul (Ahmad Hazim bin Khairul) | January 2025 Introduction  “The problem in football is that there are a lot of statistics,” said Pep Guardiola, one of modern soccer’s greatest tacticians. Even Pep Guardiola, a pioneer in using data to refine tactics, is skeptical of soccer’s now overwhelming focus on numbers.  This …

Student-Athletes or Athlete-Students? The Economics of Collegiate Athletics in the NIL Era

Online Journal | Benjie Harthun | January 2025 In 2010, Reggie Bush forfeited his 2005 Heisman Trophy after an NCAA investigation found he had received impermissible benefits like rent-free housing and travel benefits while playing college football at the University of Southern California. Fast forward 14 years later, where the number one high school football …

A Heavy Price: The Economic and Social Costs of GLP-1 Weight Loss Drugs

Online Journal | Justin Plank | January 2025 Background Every year, the United States spends an estimated $173 billion treating obesity-related diseases like diabetes and heart disease, more than the annual budgets of 42 U.S. states combined. Yet, medications like Wegovy and Ozempic, which could help address these issues, remain priced at over $1,300 per …

EQ Vol.14: Mind the Gap: The Economic Implications and Policy Solutions to Academic Achievement Gaps

Contributing Writer: William Laudon | May, 2024 If education is “the key to unlock the golden door of freedom” as George Washington Carver once put it, then this door remains locked for most Americans. Academic achievement gaps are disparities in academic performance among groups of students defined by race-ethnicity, socioeconomic status, geographic location, or other limiting …