Check out this clever takeoff of the Mac/PC ads by my friend Dan Ariely, in which he portrays standard economics as a PC and behavioral economics, my specialty, as an iMac.
As we watch the newspaper industry die around us, we should reflect on just how important newspapers have been for American democracy. Thomas Jefferson certainly understood this. “The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to…
Last week, I had the pleasure of participating in what the World Economic Forum founder, Klaus Schwab, described as the planet’s largest brainstorming session. Approximately 700 leading thinkers (and me, too) converged upon Dubai to discuss the greatest economic challenges facing the world, from the current economic crisis to future crises. People from 6 continents…
Andrew Solomon wrote a wonderful article in the New Yorker recently about Adam Lanza’s father and his search for answers to his son’s awful behavior. The piece included a quote I thought I would share with you today: All parenting involves choosing between the day (why have another argument at dinner?) and the years (the…
I came across an interesting quote in the New Yorker recently, reflecting on the US banking system. It reads: The power and the growth of power of our financial oligarchs comes from wielding the savings and credit capital of others. The fetters which bind the people are forged from the people’s own gold. Pretty timely thoughts,…
When New Jersey decided to hike its minimum wage by some 20 percent in 1991, David Card and Alan Krueger recognized a tremendous opportunity to test how the minimum wage affects employment.
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Whether you believe in God or not, belong to a specific faith or not, it is hard to deny the logic of the following statement: “All those religions. They can’t all be right. But they can all be wrong.” – Anonymous member of utopian Zoar community, on her deathbed. (Click here to view comments)