Moneythink Blog

In his book Outliers, sociologist Malcolm Gladwell introduces his conception of the mythical “formula for success.” An integral motif thereof is what Gladwell calls the “10,000-Hour Rule,” which posits that 10,000 hours of practicing a given task–such as programming computers, playing music, or writing–is requisite to achieving greatness in any field. He states that the …

In business, differentiation often determines success–how much a business stands out from its competitors can mean the difference between sales and no sales. In impact-driven nonprofit work and social entrepreneurship–Moneythink’s type of work–differentiation is just as important…just in a different kind of way. TIME magazine recently said that “a 2008 survey of college students…found that …

I was perusing through the New York Times today and really didn’t feel like reading about the same b.s. that I hear everyday – “Goldman Records Record Profits; Cuts back Bonuses” and things like “Obama Health Care Bill Slow To Form.” Thanks Captain Obvious, is what I’d like to say. Yea it’s good to keep …

Peter Deitz wrote a great piece on the notion of “Collaboration vs Competition” in business. He argues that “collaborative dynamics and processes can be far more effective at producing innovation than competition.” His point rings true both in the business world and in the classroom, and Moneythink rests at the joint of the two. We …

Accountability: an obligation or willingness to accept responsibility or to account for one’s actions. It’s that last segment in the definition that really get’s me. Is that accounting for some one else’s actions? Or just to account for your own? Or both? In my short time at the University of Chicago I have learned much …

Every American that has been squeezed by high prices at the pump knows that oil, like all commodities, is subject to the forces of supply and demand. Over the past two decades prices have lurched upwards despite the addition of countless drilling points and refineries. Many of these global supply sources are simply too small …

Since founding Moneythink here at the University of Chicago, we’ve been talking incessantly about financial literacy and its importance to anyone who would listen. A good friend of many of the Moneythinkers here on campus, and an avid supporter of our cause, Jason Cigan compiled his thoughts on financial literacy in the essay below. It …

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An intro to the classroom of Perspectives Charter School as they build their venture, a school dance and concert featuring local artists.