I am a student in Professor Arvan's Econ 490 class. I am blogging under an alias to protect my true identity using the name of a famous economist for that purpose.
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Hello Professor Arvan, this is simply a test post to demonstrate the functionality of my blog.
Conflict arises every day in the professional world. Whether it is internal or external, tailoring a solution to the problem is essential to ensuring the business continues to thrive. Throughout my lifetime, I have experienced many different types of conflicts. However, when thinking about a conflict at work or at an RSO, there is one that comes to mind. Last summer, I was an intern for an insurance agency in Chicago. My job title was set at a college financial advisor, and I was tasked with identifying any financial needs for clients and help them reach their goals. The hard part of the job was that I had to build my own book of business. Being a 22-year-old, many people didn’t take me seriously and were not willing to work with me and share their personal financial information. It became very tough for me to find new people to reach out to due and overtime I exhausted my network of friends and family. One day when there were only a few hours left in the workday, my ...
Arriving to the campus at the beginning of the semester, I had no clue which upper-level economics classes I would be taking. Due to class size restrictions, I was not able to get a seat in the classes I originally desired. However, after coming to terms with the situation, I began to look around for other classes that I could take that filled my economics degree requirements. A friend recommended that I take Econ 490 with you to broaden my knowledge amongst organizations. Since I will be working for companies for the rest of my life, my friend said it is extremely beneficial to know the economics of organizations and how they operate. Looking at the class structure, I think the best thing you did was create flexible deadlines. This allowed me to truly put forth my greatest effort when doing the assignments, rather than just cranking them out to meet a deadline. Often, I was able to start the blog then take a break and let my thoughts build up before putting my fing...
After reading through the three articles, it was quite obvious that there is an unfair distribution of wealth in our country and that people act in their own self-interest. When taking wealth into account, it is human nature to act greedy and use their wealth to better themselves. Adam Smith was spot on when describing the concept of the Invisible Hand and how it drives the economy as a whole. The first piece, How to Get the Rich to Share Marbles by Jonathan Haidt, brought up some very interesting findings on how children performing the same amount of work share their “income.” In the experiment, the kids shared their wealth when they had both been required to pull the rope together. The kids who were lucky enough to get a rope that produced more marbles were less likely to split the wealth, even though they were both doing the same type and amount of work. There are lots of people pulling the rope in this country who receive a smaller piece of the pie. To be born with opp...
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