In this blog post, we examine the desirability of legal systems from the perspective of law and economics, using efficiency and equity as criteria. To discuss which legal system is socially desirable, we first need criteria for judging desirability. Law and economics uses efficiency as its yardstick. Efficiency refers to whether the total social welfare increases; welfare here means the...
A 22-Day Backpacking Trip Through Europe: Friendship, Personal Growth, and Lessons Learned
In this blog post, I’d like to share the experiences we had during our 22-day backpacking trip through Europe, the lessons we learned, and the depth of our friendship. Preparations and Departure What did our trip to Europe give us, and what experiences and lessons did we gain during our 22-day journey? While experiencing new cultures and history through our travels in Europe, we faced...
Can Scholarships and Military Service Exemptions Save South Korea’s STEM Fields?
In this blog post, we examine whether scholarships and military service benefits are realistic solutions to the trend of students shunning STEM fields. South Korea is currently facing a crisis in STEM fields. Korean newspapers and broadcasters report on the phenomenon of students avoiding STEM majors in college. Universities lament that top talent is leaving STEM fields, leaving them with...
How does the “superhuman” described by Zhuangzi differ from a superhero?
In this blog post, we will explore the true meaning of the ‘superhuman’ through Zhuangzi’s philosophy and shed light on a conception of the superhuman that differs from the superhero, who is a symbol of power and ability. People sometimes dream of becoming superhuman. Phrases like “superhuman strength” and “superhuman abilities” excite people’s imaginations. That is why popular...
Are the tears shed at a funeral a sign of grief, or of self-pity?
In this blog post, I take a deep look at whether the tears shed at a funeral are a true expression of grief, or a form of pity for ourselves, left behind alone. Although I lived under the same roof as my grandparents from a young age, we weren’t close. My grandparents always lived life on their own terms, and I naturally kept my distance from their lives. Their lives were rooted in the...
When and where should you decide to exit a long-term investment?
In this blog post, we’ll explore the right way to practice long-termism and discuss wise criteria for determining when to sell. How to realize investment value from a long-term perspective Have you heard the term “long-termism”? As the name suggests, it refers to an attitude that prioritizes a long-term perspective. It’s a concept that’s gaining increasing attention not only in investing...
How does organ transplantation treat disease, and how can we address the ethical issues involved?
In this blog post, we will examine the medical advancements in organ transplantation technology alongside the emerging ethical and social issues surrounding it. Organ transplantation is a technique that involves replacing a damaged or malfunctioning organ by moving an organ from another part of the body or implanting an organ received from an external donor. It is recognized as one of the...
How Can Jean-Jacques Rousseau’s Philosophy Restore Human Nature?
In this blog post, we explore Rousseau’s philosophy and examine how his ideas can restore human nature and be applied to modern society. Jean-Jacques Rousseau’s philosophy begins with the following premise: “In the state of nature, humans were good, free, and happy; however, with the advent of society and civilization, humans became evil, lost their freedom, and became unhappy.” This idea...
How Does the Principle of Buoyancy Control in Submarines Resemble Natural Phenomena?
In this blog post, we’ll explore the principle by which submarines rise or sink underwater through buoyancy control, and how that principle resembles other phenomena found in nature. If you drop a rubber duck into a bathtub, it will immediately float back to the surface. However, if we were to get into the bathtub, our bodies would sink to the bottom. Just like this, when objects enter...
The Development and Full Commercialization of Self-Driving Cars: What Challenges Remain?
In this blog post, we’ll examine the current state of self-driving car development and the challenges that must be overcome for full commercialization. In 2030 South Korea, Kim Cheol-su, an employee at Company OO, gets into a self-driving car to go to work. While the car drives to the office, Mr. Cheol-su takes notes on important points and prepares for a meeting presentation. Glancing at...