Economics works great for planning your life when you don't have a work passion, since we tend to … - Emily Oster

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The instructor can scarcely give sensibility where it is essentially wanting, nor talent to the unpercipient block. But he can cultivate and direct the affections of the pupil, who puts forth, as a parasite, tendrils by which to cling, not knowing to what - to a supporter or a destroyer.

Emily Oster

Economics works great for planning your life when you don't have a work passion, since we tend to assume that your job delivers only money and you trade off job hours with leisure hours. If you think your job will just be a job, pick one that pays well per hour and leaves you some time off, even if the activity of the job is boring.

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The key to good decision making is evaluating the available information - the data - and combining it with your own estimates of pluses and minuses. As an economist, I do this every day.

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Prenatal testing is a complicated decision for many women, forcing us to confront concerns about a disabled child and risks of miscarriage.

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For many women - myself included - pregnancy brings on tremendous anxiety and confusion, along with the joy.

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The most active period of the witchcraft trials coincides with a period of lower than average temperature known to climatologists as the "little ice age". . . In a time period when the reasons for changes in weather were largely a mystery, people would have searched for a scapegoat in the face of deadly changes in weather patterns. 'Witches' became target for blame because there was an existing cultural framework that both allowed their persecution and suggested that they could control the weather.

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One of the big take-aways from a lot of economic theory is that people should engage in consumption smoothing.

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