Tidal Economics

My name is Kelly Rogers: economist and abuser of metaphors.

This blog is focused on my major (both literal and descriptive) love of economics and its changing field.

There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.
-William Shakespeare
Recent Tweets @

ilovecharts:

Hours Worked On Minimum Wage In Order To Pay For One University Credit Hour

The Rise of Video Game Economies

A fairly surface look at video game economies and what they mean to real life. I really wish someone would do a series of videos looking in depth at video game economies. Do they have bubble markets? Does the trickle down effect work in a game? How would “socialism” work in a game? I would love to see experiments done with games, in conjunction with economists.

celestethebest:

thisiswealthyprivilege:

awesomefuckyeahmotherfucker:

allisonrae:

majd3st1ny:

Could you live on $8 or $9 dollars an hour? A computer game made by the Urban Ministries of Durham in North Carolina and an advertising firm called McKinney lets you play out life with a low-wage job as a single mom. The objective is to make it a month, juggling getting a job, rent, a place to live, food and coping with the costs of repairs, things for your child, insurance, etc.. Actually a very hard game to play and full of reminders of the difficulties of life on that kind of salary.

Play the game.

Seriously, if you haven’t played before, play it now. If you have played before, play it again. Especially important during this election season.

just playing this game alone made me really stressed and anxious

THANK YOU

THANK YOU

ALL THE HATER ANONS, PLAY THIS

This game is amazing. Play it, play it, play it! I shared this with a professor who then had her students play it. So real.

(via the-sexual-experience)

tempeh-princess:

afternoonsnoozebutton:

Have you heard of Ban Bossy? It’s the new initiative from Lean In and the Girl Scouts that’s trying to ban “bossy” and similar words that are used to bring down girls that are ambitious, take risks, and speak up. By changing the way we treat girls who lead, hopefully our generation will someday see more women in leadership roles. 

You can watch the 1:00 video with Beyonce, Jane Lynch, Condeleeza Rice, and Jennifer Garner here, or visit the Ban Bossy website

don’t read the youtube comments on this.

(via disneyvideogamechick)

upworthy:

Try To Guess How Many People Have Quit Looking For Work Because There Are No Jobs

Is this really a time to be cutting unemployment, welfare, and other assistance for those who are having a tough time getting work?

(via ilovecharts)

usuallycrazy:

Twitch Plays Pokemon is the wildest thing I have ever watched and I frankly can’t stop.
If you’ve been living under a rock (or you’re just not up on Pokemon news, that could be a thing, in which case, your life must be so very sad), there’s a Twitch chat room with far too many people in it undergoing what the creator refers to as a “social experiment.” Each person in the chat submits a command they want the player to do and, with a 20-30 second delay, the Pokemon Trainer does the command.
It’s made it the most frustrating game of Pokemon ever played but also the best. Because they’ve been playing for five days straight, have four badges, and have somehow maneuvered two cave mazes.
Due to the delay and trolls, we have often found our poor trainer opening his menu, checking his bag, and looking to the Helix Fossil he acquired in Mount Moon. 
Which of course, does nothing.
But in the middle of a Pokemon battle, better open my bag and check on the Helix Fossil.
About to cut down a tree. Better open my bag and check on the Helix Fossil.
I’m trying to enter this cave. Gosh, I need to make sure I haven’t dropped my Helix Fossil.
The people in the chat room have come to the conclusion that the Helix Fossil is an artifact of the Pokemon Trainer’s religion and that his ultimate goal is to resurrect Omanyte from the fossil.
Oh yes, they’ve brought religion into the game.
Even to the point where, when players in the chat were discussing that they needed a Pokemon to learn Surf, some had said “Let’s just wait until we get a Lapras later in the game. That just gets handed to us and will be much easier to do and we won’t run the risk of needing to deposit anybody in the PC and accidentally releasing anybody.” (We’ve already accidentally released our starter, so our current strongest Pokemon is a Pidgeot we call Based Pidgeot or Bird Jesus) 
Others said “Let’s pick up the Eevee from Celadon Town! We’ll go to the Department Store, buy a Water Stone, and get a Vaporeon! It will be much better.”
We wasted all of our money on 8 Poke Dolls and an accidentally purchased Fire Stone.
Flareon has been called a heretic in this game.
Flareon is literally Satan to these players.
You weren’t there for the Celadon Department Store, okay. We got lost in there for one whole day and I watched it happen. It was awful. The work we put into getting this dumbass Flareon was awful.
So, we had to deposit Flareon in the PC because he was utterly useless. Which was when we accidentally released our Charmeleon.
The players determined this was simply what the Helix Fossil wanted and we had to trust in our Bird Jesus and never follow false gods again. Just let Lapras happen. Trust in the Helix Fossil.
Now, the players had been stuck in Rocket Hideout on those damn moving arrows for exactly two days. So the creator instated a chatroom based vote where you could decide on anarchy—the way we had been playing the whole time with individual players participating in a free-for-all—or democracy.
If 75% of the players had agreed on one form of governing, that was the system we were currently using in chat.
Democracy involves each player submitting a command and the game tallying to see which action is voted for most and popular vote wins.
This game has user-inserted religion and now creator inserted government.
The players spend so much time arguing over which form of government to use that we often get nowhere.
This is the weirdest virtual reality based Japanese RPG I have ever seen.
I have no idea what kind of social experiment the person who created this chat room is trying to do—they wish to remain anonymous—but this is positively delicious mayhem and I may never see this many people excited about a game made in 1996 again.

usuallycrazy:

Twitch Plays Pokemon is the wildest thing I have ever watched and I frankly can’t stop.

If you’ve been living under a rock (or you’re just not up on Pokemon news, that could be a thing, in which case, your life must be so very sad), there’s a Twitch chat room with far too many people in it undergoing what the creator refers to as a “social experiment.” Each person in the chat submits a command they want the player to do and, with a 20-30 second delay, the Pokemon Trainer does the command.

It’s made it the most frustrating game of Pokemon ever played but also the best. Because they’ve been playing for five days straight, have four badges, and have somehow maneuvered two cave mazes.

Due to the delay and trolls, we have often found our poor trainer opening his menu, checking his bag, and looking to the Helix Fossil he acquired in Mount Moon. 

Which of course, does nothing.

But in the middle of a Pokemon battle, better open my bag and check on the Helix Fossil.

About to cut down a tree. Better open my bag and check on the Helix Fossil.

I’m trying to enter this cave. Gosh, I need to make sure I haven’t dropped my Helix Fossil.

The people in the chat room have come to the conclusion that the Helix Fossil is an artifact of the Pokemon Trainer’s religion and that his ultimate goal is to resurrect Omanyte from the fossil.

Oh yes, they’ve brought religion into the game.

Even to the point where, when players in the chat were discussing that they needed a Pokemon to learn Surf, some had said “Let’s just wait until we get a Lapras later in the game. That just gets handed to us and will be much easier to do and we won’t run the risk of needing to deposit anybody in the PC and accidentally releasing anybody.” (We’ve already accidentally released our starter, so our current strongest Pokemon is a Pidgeot we call Based Pidgeot or Bird Jesus) 

Others said “Let’s pick up the Eevee from Celadon Town! We’ll go to the Department Store, buy a Water Stone, and get a Vaporeon! It will be much better.”

We wasted all of our money on 8 Poke Dolls and an accidentally purchased Fire Stone.

Flareon has been called a heretic in this game.

Flareon is literally Satan to these players.

You weren’t there for the Celadon Department Store, okay. We got lost in there for one whole day and I watched it happen. It was awful. The work we put into getting this dumbass Flareon was awful.

So, we had to deposit Flareon in the PC because he was utterly useless. Which was when we accidentally released our Charmeleon.

The players determined this was simply what the Helix Fossil wanted and we had to trust in our Bird Jesus and never follow false gods again. Just let Lapras happen. Trust in the Helix Fossil.

Now, the players had been stuck in Rocket Hideout on those damn moving arrows for exactly two days. So the creator instated a chatroom based vote where you could decide on anarchy—the way we had been playing the whole time with individual players participating in a free-for-all—or democracy.

If 75% of the players had agreed on one form of governing, that was the system we were currently using in chat.

Democracy involves each player submitting a command and the game tallying to see which action is voted for most and popular vote wins.

This game has user-inserted religion and now creator inserted government.

The players spend so much time arguing over which form of government to use that we often get nowhere.

This is the weirdest virtual reality based Japanese RPG I have ever seen.

I have no idea what kind of social experiment the person who created this chat room is trying to do—they wish to remain anonymous—but this is positively delicious mayhem and I may never see this many people excited about a game made in 1996 again.

(via reposefultube)

newsweek:

OECD index of broadband bang for your buck. (via reddit)  

[Edit: If you’re one of the many who asked where the numbers come from.]

(via ilovecharts)

edwardspoonhands:

learnhowtoadult:

ANNOUNCEMENT DAY!  How to Adult" exists!  

Emma “Elmify” Mills and T. Michael Martin have teamed up with Hank and John Green to create “How to Adult,” a new edutainment channel dedicated to teaching you everything you need to know how to do as an adult that they never taught you in school.

We’ll be bringing you new episodes every Monday to help unravel the mysteries and vagaries of adulthood. How do you pay taxes? What do you do if you blow a tire? How the heck are you supposed to wash shirts with red-and-white stripes?! "How to Adult" is here to answer those questions and more, so that adulthood can be a little less overwhelming and a lot more awesome.

We couldn’t be more excited about this news. DFTBA!

ANNOUNCEMENT!

John and I are teaming up with two of our favorite not-so-well-known YouTubers to help us all figure out HOW TO ADULT.

Not so simple as it sounds…I’m still not great at adult even after quite a bit of experience. Really looking forward to learning with these two and so happy to see how fantastically this intro video turned out.