Journey in Life: 01/08/16

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Friday, January 8, 2016

Chất liệu cuộc sống

Photo courtesy Fred Johnsson.

Life is partly what we make it, and partly what is made by the friends whom we choose.
~ Jehyi Hsieh

Cuộc sống một phần là những gì chúng ta làm nên và một phần được làm nên bởi những người ta chọn làm bạn.

Lương thấp mà vui, làm không?

Compensating Differentials, shared via Tyler Cowen.
The latest section of our Principles of Economics course at MRU is up today and it covers price discrimination and labor markets.

In this video, The Tradeoff Between Fun and Wages, we introduce the idea of compensating differentials in wages, an idea that goes back to Adam Smith.

Sharp readers will notice a homage near the beginning in what might otherwise appear to be an odd scene setting.

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