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Fair Wages and Happiness
ByadminAccording to traditional economic theory, when people perform jobs for pay, they decide whether the pay they receive is large enough to justify the effort they put into the task at hand. But what if someone else is doing the same work for more pay? They probably won’t feel so great about their jobs anymore,…
Thomas Jefferson on Political Disagreements
Byadmin“Every difference of opinion is not a difference of principle.” (Click here to view comments)
Legends of the Fall Semester?
ByadminIn case the Internet had any remaining credibility, as a source of truthful information, the MBA channel now lists me as a B School legend: The U.S. based website Poets & Quants has published a different kind of ranking. They haven’t chosen the best b-schools, but instead paid tribute to some of the best b-school…
A Vivid Picture of Timbuktu, in Words
ByadminIn the New Yorker this July, Jon Lee Anderson wrote a fascinating article about Timbuktu, where Al Qaeda is working to become a legitimate political power. A scary story. But a beautifully written one. Take this paragraph when he introduces readers to the city in question: Timbuktu is a small, unlovely city in shades of…
Nine Blessings from 2009
Byadmin1. I didn’t turn 50 Rinse and repeat that blessing for two more years! 2. Healthcare reform has provided plenty to blog about for the whole year! Rinse and repeat for . . . ? 🙁 3. Neither of my children are adolescents . . . yet! 4. Two…
The Power of Thresholds
ByadminIn a recent post, I reproduce the figure showing the “stickiness” of odometer readings, when it comes to the price of used cars. Much better to sell your car at 49,999 miles rather than 50,001 miles. But here’s another sticky threshold, that was reported on at 538.com. It shows that when airplane flights leave 40…