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Make economics ethical

By the end of winter quarter, I will have completed the economics core. Completing this six-course sequence has taught me a great deal about concepts such as optimization, efficiency and cost analysis. What I have not been taught, however, is how to analyze the moral questions that economics raises. To what extent is inequality acceptable in an economy? Is it necessary to interfere in an economy to aid individuals who are deprived of sufficient resources? To fill this vital gap in economic student’s education, the economics department should not only design ethics electives but also make an ethics of economics course mandatory for all undergraduate economics majors.

Brad Katsuyama talks high-frequency trading and IEX at the GSB

Brad Katsuyama, CEO and co-founder for IEX, an Alternative Trading System (ATS), gave a talk at the Graduate School of Business (GSB) this past Monday, Feb. 23. Katsuyama was profiled in Michael Lewis’ well-received book “Flash Boys.” IEX became well-known for being the the first equity pool owned exclusively by buy-side investors and is dedicated to institutionalizing fairness in the markets.