Massachusetts Daily Collegian

The value of entrepreneurship: an economic perspective

By Makai McClintock

November 3, 2013

Filed under Columns, Opinion

Within the disciplines of economics, management, finance and law, the study of entrepreneurship has become increasingly popular and is quickly becoming one of the most rapidly growing sub-disciplines. Courses and concentrations...

The case for international aid programs

By Makai McClintock

October 20, 2013

Filed under Columns, Opinion

Since the early 1960s, the United States Agency for International Development (USAID) has served as the world’s foremost economic and social watchdog. In addition to services during times of social and economic turmoil, USAID...

Constructing a new paradigm for economics

By Makai McClintock

October 6, 2013

Filed under Columns, Opinion

Economics used to be a social science, but this is no longer so. Today, the field has largely become a study of individual agents acting outside of society, as if societal influences do not affect individuals. The field has c...

Leadership for change

By Makai McClintock

September 22, 2013

Filed under Archives, Columns, Opinion

On Saturday, nine students from South Africa arrived at the University of Massachusetts Amherst for a leadership training program geared toward promoting cross-racial unity and international networking. The two-week program will...

It’s time for a 21st century war on poverty

By Makai McClintock

September 8, 2013

Filed under Archives, Columns, Opinion

In 1964, President Lyndon B. Johnson called for a “Nationwide War” on the sources of poverty, an effort, he proclaimed, that would “strike away the barriers to full participation” in our global society. The initiat...

The case for immigration reform

By Makai McClintock

September 3, 2013

Filed under Opinion

From an economic perspective, the battle over immigration reform is truly baffling, especially given the clear role that immigrants have played in growing and bolstering the United States economy. Forty percent of Fortune 500...

Spring back break

By Makai McClintock

March 11, 2013

Filed under Columns, Opinion

Author’s Note: The following column may contain obscene levels of snarky-ness, pointless and illogical ramblings and graphic depictions of various college unpleasantries; in short, you should probably read it. On another not...

Using “game theory” to understand political brinkmanship

By Makai McClintock

March 7, 2013

Filed under Archives, Columns, Opinion

Although Congress has managed to avoid the so-called “fiscal cliff” through its passage of the 11th hour American Taxpayer Relief Act of 2012, the process of doing so was far from idyllic. The laggard negotiations exemplified the c...

Five faults of capitalism: market failure

By Makai McClintock

February 25, 2013

Filed under Columns, Opinion

As an economic system, capitalism is prone to market failure due to the inefficiency of the market to allocate certain goods and resources. Invariably, the freedom of individuals and firms to use any means to pursue their own ...

Five faults of capitalism: The unequal distribution of wealth

By Makai McClintock

February 11, 2013

Filed under Columns, Opinion

The idea that income inequality is an economic byproduct of capitalism is far from a contemporary realization; it has been studied since the beginning of the 20th century in great detail. This inequality has, until recently, been widely accepted by economists as a “necessary evil...

It’s Time to Raise the Federal Minimum Wage

By Makai McClintock

January 23, 2013

Filed under Archives, Columns, Opinion

Over the past year, economists and politicians have come to focus on the growing degree of income inequality in the United States. This inequality has been fueled by the development of two major trends in income distribution. As of late, income levels of earners on the top tier of the incom...